The effect of social expenditures on human development in the European Union
Acta Oeconomica, vol.71, no.4, pp.627-643, 2021 (SSCI, Scopus)
- Publication Type: Article / Article
- Volume: 71 Issue: 4
- Publication Date: 2021
- Doi Number: 10.1556/032.2021.00043
- Journal Name: Acta Oeconomica
- Journal Indexes: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Periodicals Index Online, EconLit, Geobase, Index Islamicus
- Page Numbers: pp.627-643
- Keywords: EU, human development, human development index, panel data, social expenditure
- Open Archive Collection: AVESIS Open Access Collection
- Uşak University Affiliated: Yes
Abstract
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).