ACTA OECONOMICA, vol.71, no.4, pp.627-643, 2021 (SSCI)
Article / Article
Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Periodicals Index Online, EconLit, Geobase, Index Islamicus
social expenditure, human development, human development index, EU, panel data, OECD COUNTRIES, PANEL-DATA, GROWTH, TESTS, CAUSALITY
Dokuz Eylül University Affiliated:
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).