The effect of public social expenditure on imports

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-07-27 DOI:10.4337/roke.2023.03.05

Carlos Garcimartín, Arnoldo Marmolejo, Carlos Eggers

引用次数: 0

Abstract

This paper studies the effect of social expenditure on imports. In doing so, it uses cross-country panels of the world economy to estimate an augmented balance-of-payments-constrained growth model that takes into account social spending. The results show that social expenditure reduces imports and offsets the negative effect it could have on the balance of trade through its effect on exports. We also find that for OECD countries, education spending is relevant to imports but not to exports, for which the most relevant component is spending on social protection (old-age and unemployment benefits). This result is particularly relevant for development policy in countries with low social expenditure.

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公共社会支出对进口的影响

本文研究了社会支出对进口的影响。在这样做的过程中，它利用世界经济的跨国面板来估计一个考虑社会支出的国际收支约束增长模型。结果表明，社会支出减少了进口，并通过其对出口的影响抵消了其对贸易平衡的负面影响。我们还发现，对于经合组织国家来说，教育支出与进口有关，但与出口无关，其中最相关的组成部分是社会保护支出（养老金和失业救济金）。这一结果与社会支出低的国家的发展政策特别相关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.