The effect of social expenditures on human development in the European Union

Şaşmaz M. Ü., Cagle M. N., Özen A.

ACTA OECONOMICA, cilt.71, sa.4, ss.627-643, 2021 (SSCI) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 71 Sayı: 4
  • Basım Tarihi: 2021
  • Doi Numarası: 10.1556/032.2021.00043
  • Dergi Adı: ACTA OECONOMICA
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Periodicals Index Online, EconLit, Geobase, Index Islamicus
  • Sayfa Sayıları: ss.627-643
  • Anahtar Kelimeler: social expenditure, human development, human development index, EU, panel data, OECD COUNTRIES, PANEL-DATA, GROWTH, TESTS, CAUSALITY
  • Dokuz Eylül Üniversitesi Adresli: Evet

Özet

Researchers and practitioners alike have long debated the role of high GDP growth strategies and social expenditures (SE) in ensuring a better distribution of income and reduction of poverty. This study is aimed at investigating the effectiveness of social expenditures by offering the use of a robust methodology. Our sample consists of 27 EU countries (further divided into pre-and post-2000 members) between 2005 and 2017. We used panel data to determine whether social expenditures have a positive effect on the World Bank generated Human Development Index (HDI).