IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/111027.html
   My bibliography  Save this paper

¿El bienestar social influye en el crecimiento económico? Estudio para 17 países de América Latina en el período 2014-2018
[Does social welfare influence economic growth? Study for 17 Latin American countries in the period 2014-2018]

Author

Listed:
  • Cuesta, Lizeth
  • Montoya, Rosa

Abstract

Globally, the welfare of society is still flawed, which is why, through the Social Progress Index (SPI), the goal is to measure the quality of life of a society. In this way, the study aims to determine the relationship between economic growth and IPS in the 2014-2018 period, for 17 countries in Latin America, so the panel data econometric technique with information from the bases was used of the Imperative of Social Progress (2018) and World Bank (2018). Among the main results, it is worth noting that the hypothesis is met by verifying that the IPS positively affects economic growth, although the significance of its dimensions varies according to its level of income. The policy implications should focus on greater attention to health, education, the environment and, above all, anti-corruption laws that avoid the diversion of resources and harm the well-being of society.

Suggested Citation

  • Cuesta, Lizeth & Montoya, Rosa, 2020. "¿El bienestar social influye en el crecimiento económico? Estudio para 17 países de América Latina en el período 2014-2018 [Does social welfare influence economic growth? Study for 17 Latin America," MPRA Paper 111027, University Library of Munich, Germany, revised 17 Sep 2021.
  • Handle: RePEc:pra:mprapa:111027
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/111027/1/MPRA_paper_111027.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Milner-Gulland, Eleanor Jane & Mcgregor, J.A. & Agarwala, M. & Atkinson, Giles & Bevan, P. & Clements, Tom J. & Daw, T. & Homewood, Katherine & Kümpel, Noëlle F. & Lewis, J. & Mourato, Susana & Palmer, 2014. "Accounting for the impact of conservation on human well-being," LSE Research Online Documents on Economics 56312, London School of Economics and Political Science, LSE Library.
    2. Martin Ravallion, 2003. "Measuring Aggregate Welfare in Developing Countries: How Well Do National Accounts and Surveys Agree?," The Review of Economics and Statistics, MIT Press, vol. 85(3), pages 645-652, August.
    3. Rugani, Benedetto & Marvuglia, Antonino & Pulselli, Federico Maria, 2018. "Predicting Sustainable Economic Welfare – Analysis and perspectives for Luxembourg based on energy policy scenarios," Technological Forecasting and Social Change, Elsevier, vol. 137(C), pages 288-303.
    4. Valeria Esquivel, 2017. "The rights‐based approach to care policies: Latin American experience," International Social Security Review, John Wiley & Sons, vol. 70(4), pages 87-103, October.
    5. Elvio Accinelli & Osvaldo Salas, 2013. "Privatización y bienestar social en el sector de hogares de ancianos en Suecia," Documentos de Trabajo (working papers) 1113, Department of Economics - dECON.
    6. Takii, Katsuya & Tanaka, Ryuichi, 2009. "Does the diversity of human capital increase GDP? A comparison of education systems," Journal of Public Economics, Elsevier, vol. 93(7-8), pages 998-1007, August.
    7. Raymundo M. Campos Vázquez & Luis A. Monroy-Gómez-Franco, 2016. "La relación entre crecimiento económico y pobreza en México," Serie documentos de trabajo del Centro de Estudios Económicos 2016-01, El Colegio de México, Centro de Estudios Económicos.
    8. Beça, Pedro & Santos, Rui, 2010. "Measuring sustainable welfare: A new approach to the ISEW," Ecological Economics, Elsevier, vol. 69(4), pages 810-819, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michael Howes & Liana Wortley & Ruth Potts & Aysin Dedekorkut-Howes & Silvia Serrao-Neumann & Julie Davidson & Timothy Smith & Patrick Nunn, 2017. "Environmental Sustainability: A Case of Policy Implementation Failure?," Sustainability, MDPI, vol. 9(2), pages 1-17, January.
    2. Mike Waugh & David Lagakos & Doug Gollin, 2011. "The Agricultural Productivity Gap in Developing Countries," 2011 Meeting Papers 1397, Society for Economic Dynamics.
    3. Dang, Hai-Anh H. & Serajuddin, Umar, 2020. "Tracking the sustainable development goals: Emerging measurement challenges and further reflections," World Development, Elsevier, vol. 127(C).
    4. Cheng-te Lee & Chen Fang & Kuo-hsing Kuo, 2014. "Common Market and Equilibrium Growth," Economics Bulletin, AccessEcon, vol. 34(1), pages 480-493.
    5. Gaurav Datt & Martin Ravallion & Rinku Murgai, 2020. "Poverty and Growth in India over Six Decades," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(1), pages 4-27, January.
    6. Alessandra Bonfiglioli, 2004. "Equities and Inequality," 2004 Meeting Papers 256, Society for Economic Dynamics.
    7. Man Liang & Shuwen Niu & Zhen Li & Wenli Qiang, 2019. "International Comparison of Human Development Index Corrected by Greenness and Fairness Indicators and Policy Implications for China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 142(1), pages 1-24, February.
    8. Zehua Wang & Fachao Liang & Sheng-Hau Lin, 2023. "Can socially sustainable development be achieved through homestead withdrawal? A hybrid multiple-attributes decision analysis," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-18, December.
    9. Bonfiglioli, Alessandra, 2012. "Investor protection and income inequality: Risk sharing vs risk taking," Journal of Development Economics, Elsevier, vol. 99(1), pages 92-104.
    10. Katsuya Takii & Ryuichi Tanaka, 2013. "On the role of job assignment in a comparison of education systems," Canadian Journal of Economics, Canadian Economics Association, vol. 46(1), pages 180-207, February.
    11. Facundo Alvaredo & Mauricio de Rosa & Ignacio Flores & Marc Morgan, 2022. "The Inequality (or the Growth) we Measure: Data Gaps and the Distribution of Incomes," Working Papers halshs-03693223, HAL.
    12. Abay, Kibrom A. & Yonzan, Nishant & Kurdi, Sikandra & Tafere, Kibrom, 2022. "Revisiting poverty trends and the role of social protection systems in Africa during the COVID-19 pandemic," IFPRI discussion papers 2142, International Food Policy Research Institute (IFPRI).
    13. Grimm, Michael & Harttgen, Kenneth & Klasen, Stephan & Misselhorn, Mark, 2008. "A Human Development Index by Income Groups," World Development, Elsevier, vol. 36(12), pages 2527-2546, December.
    14. Tanaka, Ryuichi & Farré, Lídia & Ortega, Francesc, 2014. "Immigration, Naturalization, and the Future of Public Education," IZA Discussion Papers 8342, Institute of Labor Economics (IZA).
    15. Kuo-Hsing Kuo & Cheng-Te Lee & Chen Fang, 2014. "Free Trade and Economic Growth," Australian Economic Papers, Wiley Blackwell, vol. 53(1-2), pages 69-76, June.
    16. Tanaka, Ryuichi & Farre, Lidia & Ortega, Francesc, 2018. "Immigration, assimilation, and the future of public education," European Journal of Political Economy, Elsevier, vol. 52(C), pages 141-165.
    17. Rasolofoson, Ranaivo A. & Nielsen, Martin R. & Jones, Julia P.G., 2018. "The potential of the Global Person Generated Index for evaluating the perceived impacts of conservation interventions on subjective well-being," World Development, Elsevier, vol. 105(C), pages 107-118.
    18. Channing Arndt & Kristi Mahrt, 2017. "Is inequality underestimated in Mozambique? Accounting for underreported consumption," WIDER Working Paper Series 153, World Institute for Development Economic Research (UNU-WIDER).
    19. World Bank & Statistical Office of Kosovo, 2011. "Consumption Poverty in the Republic of Kosovo in 2009 : Western Balkans Programmatic Poverty Assessment," World Bank Publications - Reports 13246, The World Bank Group.
    20. Shaohua Chen & Martin Ravallion, 2010. "The Developing World is Poorer than We Thought, But No Less Successful in the Fight Against Poverty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(4), pages 1577-1625.

    More about this item

    Keywords

    SPI. Quality of life. GDP. Panel data. Latin America.;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:111027. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.