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Relationship of Social Protection Expenditures and Socio-economic Indicators: A Panel Data Analysis of the EU Countries

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  • Renata Halaskova
  • Pavel Bednar

Abstract

Systems of social protection and approaches in tackling social risks differ by the degree of redistribution and by its generosity. The cur-rent 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 perspec-tive 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.

Suggested Citation

  • Renata Halaskova & Pavel Bednar, 2020. "Relationship of Social Protection Expenditures and Socio-economic Indicators: A Panel Data Analysis of the EU Countries," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 16(2), pages 19-31.
    • Handle: RePEc:mje:mjejnl:v:16:y:2020:i:2:19-31
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    References listed on IDEAS

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    1. Costantini, Valeria & Monni, Salvatore, 2008. "Environment, human development and economic growth," Ecological Economics, Elsevier, vol. 64(4), pages 867-880, February.
    2. F. Ozlem Alper & Mehmet Demiral, 2016. "Public Social Expenditures and Economic Growth: Evidence from Selected OECD Countries," Research in World Economy, Research in World Economy, Sciedu Press, vol. 7(2), pages 44-51, December.
    3. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, December.
    4. António Afonso & Ludger Schuknecht & Vito Tanzi, 2010. "Income distribution determinants and public spending efficiency," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 8(3), pages 367-389, September.
    5. Ulu, Mustafa Ilker, 2018. "The effect of government social spending on income inequality in oecd: a panel data analysis," MPRA Paper 91104, University Library of Munich, Germany.
    6. repec:ces:ifodic:v:7:y:2009:i:3:p:14567070 is not listed on IDEAS
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    Cited by:

    1. Eva Kovarova & Tomas Vana, 2023. "Reduction of Poverty and Material Deprivation in the EU Countries: What Matters the Most?," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-23.

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