Dynamic Linkages between Social Expenditures and Economic Growth: the Most Important Conclusions for Central European Countries

IF 0.7 Q3 ECONOMICS
Tuncer Govdeli, Esra Karakuş Umar
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引用次数: 1

Abstract

The role of the state within the neoliberal system is discussed in the approaches developed for social expenditures. Accordingly, the question of whether the state should stand back or provide the support needed by individuals has shaped the literaturę on social expenditures. It is thought that the increase in social expenditures affects public expenditures, and public expenditures may indirectly cause budget deficits. In addition, it is said that there is a decrease in social spending during periods of economic growth. All these dilemmas show that the idea that the country needs both producers and consumers while realizing economic growth has been pushed into the background. Here, the analyses of the relationship between social spending and economic growth are the arguments for the accuracy of this assumption. The aim of this study is to empirically analyze the long-term relationship between the economic growth and social expenditures of eight Central European countries and the causality relationship for 1999 and 2019. In the empirical findings, the cointegration relationship was determined between economic growth and social spending. Based on the findings of the causality analysis, it has been concluded that there is a bidirectional causality relationship between economic growth and social expenditures. Policy proposals are given in the conclusion section of the article.
社会支出与经济增长之间的动态联系:中欧国家最重要的结论
国家在新自由主义体系中的作用在为社会支出开发的方法中进行了讨论。因此,国家是否应该袖手旁观或提供个人所需的支持的问题形成了关于社会支出的文献。人们认为,社会支出的增加会影响公共支出,而公共支出又会间接导致预算赤字。此外,据说在经济增长期间社会支出会减少。所有这些困境表明,在实现经济增长的同时,国家既需要生产者,也需要消费者的观念已经退居次要地位。这里,对社会支出和经济增长之间关系的分析是对这一假设准确性的论证。本研究的目的是实证分析1999年和2019年中欧8国经济增长与社会支出之间的长期关系及其因果关系。实证结果表明,经济增长与社会支出之间存在协整关系。根据因果分析的结果,经济增长与社会支出之间存在双向因果关系。文章的结论部分给出了政策建议。
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
CiteScore
1.30
自引率
0.00%
发文量
26
审稿时长
16 weeks
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