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
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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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
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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