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¿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 American countries in the period 2014-2018]," MPRA Paper 111027, University Library of Munich, Germany, revised 17 Sep 2021.
  • Handle: RePEc:pra:mprapa:111027
    as

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    File URL: https://mpra.ub.uni-muenchen.de/111027/1/MPRA_paper_111027.pdf
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    References listed on IDEAS

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    Keywords

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    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

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