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Government Social Spending And Gdp: Has There Been A Change In Social Policy?

Author

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  • Jesus Clemente

    (Analisis Economico - Universidad de Zaragoza = University of Zaragoza [Saragossa University] = Université de Saragosse)

  • Carmen Marcuello

    (Organización de Empresas - Universidad de Zaragoza = University of Zaragoza [Saragossa University] = Université de Saragosse)

  • Antonio Montañes

    (Analisis Economico - Universidad de Zaragoza = University of Zaragoza [Saragossa University] = Université de Saragosse)

Abstract

Government Social Spending is made up of a very heterogeneous range of variables, monetary transfers for retirement or illness, unemployment benefits, family services, active labour market policies and health expenditure. We believe that each of these components is of enormous importance to the economic development of a country. As has often been affirmed, however, Government Social Spending is one of the economic aggregates most sensitive to the ups and downs of economic growth. In moments of crisis, sharp cuts are almost immediate, and these may or may not be recovered when times are good. In this paper, we examine the sensitivity of Government Social Spending to the evolution of GDP in order to reveal the relationship between the two.

Suggested Citation

  • Jesus Clemente & Carmen Marcuello & Antonio Montañes, 2011. "Government Social Spending And Gdp: Has There Been A Change In Social Policy?," Post-Print hal-00709555, HAL.
    • Handle: RePEc:hal:journl:hal-00709555
    DOI: 10.1080/00036846.2011.568401
    Note: View the original document on HAL open archive server: https://hal.science/hal-00709555v1
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    2. Marta Simões & Adelaide Duarte & João Sousa Andrade, 2014. "Assessing the Impact of the Welfare State on Economic Growth: A Survey of Recent Developments," GEMF Working Papers 2014-20, GEMF, Faculty of Economics, University of Coimbra.
    3. Marta Simões & Adelaide Duarte & João Sousa Andrade, 2014. "Assessing the Impact of the Welfare State on Economic Growth: A Survey of Recent Developments," GEMF Working Papers 2014-20, GEMF, Faculty of Economics, University of Coimbra.
    4. Renata Halaskova, 2018. "Structure of General Government Expenditure on Social Protection in the EU Member States Using Differentiation Characteristics," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(4), pages 7-21.
    5. Chun-Ping Chang & Chien-Chiang Lee & GenFu Feng & Shao-Lin Ning, 2016. "Does higher government debt link to higher social expenditure? New method, new evidence," Applied Economics, Taylor & Francis Journals, vol. 48(16), pages 1429-1451, April.

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