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Designing Anti-Cyclical Social Policies in Times of Economic Crisis

Author

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  • Răzvan Vintilescu Belciug

    (The Bucharest University of Economic Studies, Romania)

Abstract

In the study author used data from the period of epidemiological crisis. The subject of the study is analysis of economic indicators specific to social assistance and the labour market. The study sought to identify how the effect of a crisis propagates in the evolution of gross domestic product, unemployment and social assistance. Author used statistical analyses in the study that looked at indicators specific to different markets (monetary, goods and services, labour). Regression analysis highlighted the higher volatility of the labour market compared to social assistance. This was explained by the fact that inclusion in the class of welfare recipients initially follows a process of self-labelling and the influence of subjective elements (cognitive dissonance phenomenon, the rack effect). The study also reveals the existence of a residual value of the number of poverty benefit recipients independent of the number of unemployed.

Suggested Citation

  • Răzvan Vintilescu Belciug, 2022. "Designing Anti-Cyclical Social Policies in Times of Economic Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 471-477, Decembrie.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:471-477
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%203/35.pdf
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    References listed on IDEAS

    as
    1. Ravallion, Martin, 2016. "The Economics of Poverty: History, Measurement, and Policy," OUP Catalogue, Oxford University Press, number 9780190212773, Decembrie.
    2. Alkire, Sabina & Santos, Maria Emma, 2014. "Measuring Acute Poverty in the Developing World: Robustness and Scope of the Multidimensional Poverty Index," World Development, Elsevier, vol. 59(C), pages 251-274.
    3. Luis Ayala & Olga Cantó & Juan G. Rodríguez, 2017. "Poverty and the business cycle: A regional panel data analysis for Spain using alternative measures of unemployment," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 15(1), pages 47-73, March.
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    Cited by:

    1. Liliana Gherghina, 2023. "Analysis of the Employed Population Evolution and of the Gross Domestic Product in Services, in the Western Region of Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 237-246, December.

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    More about this item

    Keywords

    social assistance; economic growth; economic crisis; macroeconomics;
    All these keywords.

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

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