Universal Basic Income as an instrument of regional development policy: a micro–macroeconomic analysis for Scotland

Kevin Connolly, David Eiser, Ashwin Kumar, Peter G. McGregor and Graeme Roy

Regional Studies, 2022, vol. 56, issue 6, 1043-1055

Abstract: Regional development now encompasses inclusive growth so that welfare spending becomes a potentially important policy for regions with devolved powers. Universal Basic Income (UBI), an unconditional payment to all citizens, has been gaining traction, including internationally. We provide a system-wide analysis of a region-specific UBI for Scotland on the level and distribution of regional activity. Using both micro- and macroeconomic models, we find that although UBI has a beneficial effect on equity among households, it may adversely impact the level of economic activity unless there is a social contract in place and/or there is a substantial stimulus to productivity.

Date: 2022
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DOI: 10.1080/00343404.2021.1957090

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