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

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/70883521:28120/20:63526691

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název periodika

Montenegrin Journal of Economics

ISSN

1800-5845

e-ISSN

—

Svazek periodika

16

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

ME - Černá Hora

Počet stran výsledku

13

Strana od-do

19-31

Kód UT WoS článku

000536480200002

EID výsledku v databázi Scopus

2-s2.0-85085606831