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Relationship of social protection expenditures and socio-economic indicators: A panel data analysis of the EU countries

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61988987%3A17450%2F20%3AA2102785" target="_blank" >RIV/61988987:17450/20:A2102785 - isvavai.cz</a>

  • Alternative codes found

    RIV/70883521:28120/20:63526691

  • Result on the web

    <a href="http://mnje.com/sites/mnje.com/files/019-031_-_halaskova_and__bednar.pdf" target="_blank" >http://mnje.com/sites/mnje.com/files/019-031_-_halaskova_and__bednar.pdf</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.14254/1800-5845/2020.16-2.2" target="_blank" >10.14254/1800-5845/2020.16-2.2</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    Relationship of social protection expenditures and socio-economic indicators: A panel data analysis of the EU countries

  • Original language description

    Systems of social protection and approaches in tackling social risks differ by the degree of redistribution and by its generosity. The current issue in developed countries is finding the optimal relationship between economic and social policy. Therefore, the selected areas of social policy and economic development from a narrow perspective are subjected to the research investigation. To address the issue, the paper aims to analyse the association between social protection expenditures and the selected socio-economic indicators. In line with the aim, four hypotheses have been verified. H1: There is a positive relationship between social protection expenditures and indicators of socio-economic development. H2: There is a positive relationship between social protection expenditures and indicators of unemployment. H3: There is a negative relationship between social protection expenditures and indicators of income inequality. H4: There is a negative relationship between social protection expenditures and indicators of poverty. The panel data regression for the sample of the 27 EU countries in the period 2007-2015 was applied to test the hypotheses. The results of the final fixed effect model with robust coefficients revealed a positive relationship between Human development index and unemployment rate on the one side and social protection expenditures on the other. On the contrary, a negative relationship was identified between social protection expenditures on the one side and poverty rate for the elderly 65+ and income inequality (measured through Gini coefficient) on the other. These findings confirm the fact that the amount of social protection spending is reflected in the socio-economic development of the EU countries.

  • Czech name

  • Czech description

Classification

  • Type

    J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database

  • CEP classification

  • OECD FORD branch

    50202 - Applied Economics, Econometrics

Result continuities

  • Project

  • Continuities

    S - Specificky vyzkum na vysokych skolach

Others

  • Publication year

    2020

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Name of the periodical

    Montenegrin Journal of Economics

  • ISSN

    1800-5845

  • e-ISSN

  • Volume of the periodical

    16

  • Issue of the periodical within the volume

    2

  • Country of publishing house

    ME - MONTENEGRO

  • Number of pages

    13

  • Pages from-to

    19-31

  • UT code for WoS article

    000536480200002

  • EID of the result in the Scopus database

    2-s2.0-85085606831