The effect of social expenditures on human development in the European Union

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ŞAŞMAZ M. Ü., CAGLE M. N., ÖZEN A.

Acta Oeconomica, cilt.71, sa.4, ss.627-643, 2021 (SSCI, Scopus) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 71 Sayı: 4
  • Basım Tarihi: 2021
  • Doi Numarası: 10.1556/032.2021.00043
  • Dergi Adı: Acta Oeconomica
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Periodicals Index Online, EconLit, Geobase, Index Islamicus
  • Sayfa Sayıları: ss.627-643
  • Anahtar Kelimeler: EU, human development, human development index, panel data, social expenditure
  • Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
  • Uşak Üniversitesi Adresli: Evet

Özet

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).