Effectiveness and Equity in Social Spending - The Case of Spain

Vtyurina, Svetlana

doi:10.5089/9781513526003.001

Cited by 9 publications

(9 citation statements)

References 2 publications

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“…Nevertheless, social policies in times of crisis—especially in regards to LICs, LMICS/UMICs—tend to be inefficient and do not deliver fully on their objectives due to political purposes, budget constraints, poor institutional quality, and inefficiencies in the administrative systems (Delis et al, 2014; Nguyen et al, 2021; Vtyurina, 2020;). Thus, the main challenge facing those countries is shaping appropriate policies during non‐crisis periods to mitigate the impact of future financial crises on income inequality.…”

Section: Discussionmentioning

confidence: 99%

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The effects of financial crisis on income inequality

Nguyen

2022

Development Policy Review

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Summary Motivation Do financial crises affect everyone equally? Despite the growing concern about income inequality recently, mixed empirical findings have resulted in a long‐standing debate about the distribution of income in the aftermath of financial crises. Purpose The study examines how different types of financial crises affect the distribution of income. Methods and approach In this study we used a two‐step system Generalized method of moments (GMM) model to explore the effects of financial crisis on income inequality. Findings Any type of financial crisis results in a larger income gap between the rich and the poor. Although little attention has been given to debt and twin and triple crises, they are associated with higher income inequality than banking and currency crises. We also show that the effects of banking crises on income inequality in low‐income, lower‐middle income and upper‐middle income countries (LICs, LMICs and UMICs respectively) are more pronounced than in high‐income countries (HICs). Policy implications Long‐ and medium‐term plans for social assistance programmes in LICS, LMICs and UMICs are needed and should be flexible so that social safety nets can be rapidly adjusted to protect vulnerable groups. Maintaining a high level of fiscal balance during tranquil periods is critical to implementing welfare state expansion policies in times of crisis. Top marginal income and estate taxes should be raised to avoid very high concentrations of income in the aftermath of financial crises. The minimum wage should also be raised to protect low‐income workers.

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Section: Discussionmentioning

confidence: 99%

“…Nevertheless, social policies in times of crisis-especially in regards to LICs, LMICS/UMICs-tend to be inefficient and do not deliver fully on their objectives due to political purposes, budget constraints, poor institutional quality, and inefficiencies in the administrative systems (Delis et al, 2014;Nguyen et al, 2021;Vtyurina, 2020;).…”

Section: Con Clus Ionmentioning

confidence: 99%

The effects of financial crisis on income inequality

Nguyen

2022

Development Policy Review

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“…In his report, he highlights the serious situation in certain urban areas of the country, where the living conditions of the population are surprisingly marginal, and reports that these populations have reasons to feel abandoned by political leaders [65]. The report highlights the existence of deep structural problems that keep Spain from meeting objectives with regard to the effectiveness of social protection programs, as indicated in the 2020 Report on Efficacy and Equity of Social Spending of the International Monetary Fund [66].…”

Section: Case Study: Spanish Policies For Social Inclusionmentioning

confidence: 99%

The Incorporation of the 2030 Agenda in the Design of Local Policies for Social Transformation in Disadvantaged Urban Areas

Vela-Jiménez

2022

Land

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According to the United Nations, the current COVID-19 crisis is threatening decades of development gains. This situation is aggravated in disadvantaged urban areas where 25% of the world’s population lives. Such concentration has aggravated the multidimensional problem that requires an integrated policy approach. Internationally, this approach has materialized in the formulation of global policies such as the 2030 Agenda. However, many doubts remain about the extent to which global policy such as the 2030 Agenda is able to inspire the formulation of local policies from the multidimensional perspective proposed by the Sustainable Development Goals (SDGs). To answer this question, in this contribution we rely on a comparative case study of two public policies aimed at promoting the social inclusion of the most vulnerable groups in the urban context: the “Andalusian Regional Strategy for Social Cohesion and Inclusion. Intervention in disadvantaged areas” (ERACIS) and the “Barcelona Strategy for Inclusion and Reduction of Social Inequalities 2017–2027”. The results show how the government sphere, the logic of intervention, and other aspects of policy design influence the incorporation of the principles of the 2030 Agenda in local policies, highlighting both risks and potentials of such policy transfer, crucial to the effective achievement of the SDGs.

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“…It plays a pivotal role in the functioning of any economy at almost all stages of growth and development. Most developing and developed countries today use public expenditure to improve income distribution, direct the allocation of resources in desired areas, and influence the composition of national income (Assi et al, 2019;Vtyurina, 2020;World Bank, 2008). In developing countries for instance, the variation in government spending pattern is not only projected to guarantee stabilization but also to spur economic growth and expand employment opportunities Impact of Government Expenditure on Economic Growth in Nigeria, 1970Nigeria, -2019 Aluthge et al…”

Section: Introductionmentioning

confidence: 99%

Impact of Government Expenditure on Economic Growth in Nigeria, 1970-2019

Aluthge

Jibir

Abdu

2021

CBN-JAS

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This study investigates the impact of Nigerian government expenditure (disaggregated into capital and recurrent) on economic growth using time series data for the period 1970-2019. The paper employs Autoregressive Distributed Lag (ARDL) model. To ensure robustness of results, the study accounts for structural breaks in the unit root test and the co-integration analysis. The key findings of the study are that capital expenditure has positive and significant impact on economic growth both in the short run and long run while recurrent expenditure does not have significant impact on economic growth both in the short run and long run. The study recommends that government should increase the share of the capital expenditure especially on meaningful projects that have direct bearing on the citizen’s welfare. Government should also improve the spending patterns of recurrent expenditure through careful reallocation of resources toward productive activities that would enhance human development in the country.

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Effectiveness and Equity in Social Spending - The Case of Spain

Cited by 9 publications

References 2 publications

The effects of financial crisis on income inequality

The effects of financial crisis on income inequality

The Incorporation of the 2030 Agenda in the Design of Local Policies for Social Transformation in Disadvantaged Urban Areas

Impact of Government Expenditure on Economic Growth in Nigeria, 1970-2019

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