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Social Security in Developing Countries: Myth or Necessity? Evidence from India

Author

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  • Patricia Justino

    (Poverty Research Unit at Sussex, Department of Economics, University of Sussex)

Abstract

This paper discusses the importance of social security policies in developing economies, using empirical evidence from India. The paper discusses the viability of implementing systems of social protection in developing countries and provides an empirical analysis of the effects of socio-economic security policies on Indian’s economic performance between 1973 and 1999, using a two-stage least square model adapted to data from a panel of 14 Indian states. The results show that policies that strengthen the social and economic security of the Indian population have been an important endogenous variable to both the reduction of poverty and the economic growth in India.

Suggested Citation

  • Patricia Justino, 2003. "Social Security in Developing Countries: Myth or Necessity? Evidence from India," PRUS Working Papers 20, Poverty Research Unit at Sussex, University of Sussex.
  • Handle: RePEc:pru:wpaper:2003
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    File URL: http://www.sussex.ac.uk/Units/PRU/wps/wp20.pdf
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    More about this item

    Keywords

    Social security; social protection; economic growth; India; simultaneous equation models; panel data;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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