Welfare programs and the state economy

McDonald, Bruce D.; Miller, Donald B.

doi:10.1016/j.jpolmod.2010.08.003

Cited by 11 publications

(4 citation statements)

References 29 publications

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“…The opposite sign in this relation is found in another study on 19 OECD countries during the 1950-2001 period (Fic and Ghate 2005), corroborating the trade-off hypothesis. Negative results were obtained by similar works on the OECD countries (Tomassi 2009;Afonso and Furceri 2010), on Germany (Siebert 2006) and on the US (McDonald and Miller 2010).…”

Section: Rationale: Disaggregated Social Expenditurementioning

confidence: 86%

Impulse and time persistence of disaggregate welfare expenditure on growth in the EU

et al. 2019

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In a post-industrial and globalised world, assessing the impact of Welfare State Expenditure (WSE) on economic growth has become an issue of growing interest. The debate is still open in the literature, as no consensus has currently been achieved. We argue that disaggregating WSE, the positive/negative performance dichotomy of welfare policies may be overcome. Departing from this intuition, we apply PVAR techniques in order to investigate the endogenous interactions between economic growth (proxied by GDP) and WSE, measured as single social expenditure items, using data gathered from the European System of Integrated Social Protection Statistics. Our results confirm both the positive and the negative impact of WSE on growth. Moreover, we show the existence of the different impulse responses and time persistence patterns for disaggregated WSE items. Our results imply that further research should take into account the composition of WSE in addition to its extent.

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Section: Rationale: Disaggregated Social Expenditurementioning

confidence: 86%

Impulse and time persistence of disaggregate welfare expenditure on growth in the EU

et al. 2019

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“…Fonte: Elaborado pelos autores Esse resultado permite afirmar que quanto mais o Estado investe em média em gastos públicos sociais, menor tende a ser o crescimento econômico, tornando sem efeito a Hipótese 1 e corroborando os estudos anteriores com grupos de países diferentes de (Bhagwati, 1982;Murray, 1984;Hansson & Henrekson, 1994;Midgley & Tang, 2001;Kwon, Mkandawire, & Palme, 2009;Mcdonald & Miller, 2010).…”

Section: Resultsunclassified

O efeito dos gastos públicos sociais no crescimento econômico: uma análise comparativa entre os países membros da CEPAL e OCDE

Reis

Bueno

2019

G&T

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Este trabalho foi licenciado com uma Licença Creative Commons -Atribuição -Não Comercial 3.0 Brasil Editor Científico: José Edson Lara Organização Comitê Científico Double Blind Review pelo SEER/OJS Recebido em 22.12.2017 Aprovado em 21.11.2018 O efeito dos gastos públicos sociais no crescimento econômico: uma análise comparativa entre os países membros da CEPAL e OCDE Resumo A literatura que aborda o efeito dos gastos públicos sociais sobre o crescimento econômico dos países é controversa. O objetivo deste estudo é duplo. Avaliar se o investimento em gasto público social realizado pelo Estado impacta positivamente o crescimento da economia dos países e, em segundo lugar, testar se a desigualdade de renda influência esse efeito. A amostra foi composta por 20 países pertencentes a CEPAL e 33 países pertencentes a OCDE no intervalo de anos de 2002 a 2014. Os resultados da análise indicam que, em ambos os cenários, isto é, levando em consideração o efeito dos gastos públicos sociais sobre o crescimento da economia e considerando ambientes com alta e baixa desigualdade de renda, o efeito dos gastos públicos sociais sobre o crescimento do PIB é negativo. Esses resultados sugerem que o gasto público social para gerar crescimento do PIB deverá elevar a produtividade da economia. Palavras-chave: Gasto público social. Crescimento do PIB. Desigualdade de renda. The Effect of Public Social Spending on the Economic Growth: a comparative analysis between ECLAC and OECD member countries AbstractThe literature when addressing the effect of public social spending on the economic growth of countries is controversial. The objective of this study is twofold. Evaluate whether the investment in public social spending carried out by the State has a positive impact on the economic growth of countries and, secondly, to test whether income inequality influences this effect. The sample was composed of 20 countries belonging to ECLAC and 33 OECD countries between the years of 2002 to 2014. The results of the analysis indicate that in both scenarios, that is, taking into account the effect of public social spending on the growth of the economy and considering environments with high and low income inequality, the effect of public social spending on GDP growth is negative. These results suggest that public social spending to generate GDP growth should raise the productivity of the economy. El Efecto del gasto público social en el crecimiento económico: un análisis comparativo entre los países miembros de la CEPAL y la OCDE ResumenLa literatura que aborda el efecto de los gastos públicos sociales sobre el crecimiento económico de los países es controvertida. El objetivo de este estudio es doble. Evaluar si la inversión en gasto público social realizado en el Estado impacta positivamente el crecimiento de la economía de los países y, en segundo lugar, probar si la desigualdad de renta influye en ese efecto. La muestra fue compuesta por 20 países pertenecientes a la CEPAL y 33 países pertenecientes a la OCDE en el intervalo de años de 2002 a 201...

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“…We measured economic output as a state's gross state product (GSP). Investment is the state's gross state private investment (GSPI), and we derived it following the process that McDonald and Miller (2010) established. Income refers to personal income.…”

Section: Theoretical Developmentmentioning

confidence: 99%

You Don't Always Get What You Want: The Effect of Financial Incentives on State Fiscal Health

McDonald

Decker

Johnson

2020

Public Administration Review

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Governments frequently use financial incentives to encourage the creation, expansion, or relocation of businesses within their borders. Research on financial incentives gives little clarity as to what impact these incentives may have on governments. While incentives may draw in more economic growth, they also pull resources from government coffers, and they may commit governments to future funding for public services that benefit the incentivized businesses. The authors use a panel of 32 states and data from 1990 to 2015 to understand how incentives affect states’ fiscal health. They find that after controlling for the governmental, political, economic, and demographic characteristics of states, incentives draw resources away from states. Ultimately, the results show that financial incentives negatively affect the overall fiscal health of states.

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Welfare programs and the state economy

Cited by 11 publications

References 29 publications

Impulse and time persistence of disaggregate welfare expenditure on growth in the EU

Impulse and time persistence of disaggregate welfare expenditure on growth in the EU

O efeito dos gastos públicos sociais no crescimento econômico: uma análise comparativa entre os países membros da CEPAL e OCDE

You Don't Always Get What You Want: The Effect of Financial Incentives on State Fiscal Health

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