Social security in developing countries: MYTH or necessity? Evidence from India
AbstractThis paper discusses the importance of social security policies in developing economies, using empirical evidence from India. The paper discusses the viability of implementing systems of social protection in developing countries and provides an empirical analysis of the effects of socio-economic security policies on Indian's economic performance between 1973 and 1999, using a two-stage least square model adapted to data from a panel of 14 Indian states. The results show that policies that strengthen the social and economic security of the Indian population have been an important endogenous variable to both the reduction of poverty and the increase in economic growth in India. Copyright © 2006 John Wiley & Sons, Ltd. JEL codes: C33, H50, I38, O10, O40, O53
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Bibliographic InfoArticle provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.
Volume (Year): 19 (2007)
Issue (Month): 3 ()
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Other versions of this item:
- Patricia Justino, 2003. "Social Security in Developing Countries: Myth or Necessity? Evidence from India," PRUS Working Papers, Poverty Research Unit at Sussex, University of Sussex 20, Poverty Research Unit at Sussex, University of Sussex.
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
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