Selected Socioeconomic Determinants of the Size of the Nonprofit Sector Serving Households in the OECD Countries
Markéta Arltová and
Prague Economic Papers, 2019, vol. 2019, issue 3, 276-295
The article investigates the differences in socioeconomic determinants of the size of the nonprofit sector serving households in the wealthy and less wealthy OECD countries. Based on panel data modelling of 22 wealthy OECD countries and 17 less wealthy OECD countries in the long-term period 2000-2014, authors revealed distinctive determinants of the size of the nonprofit sector serving households in the wealthy and less wealthy countries. The model identified GDP per capita, government health care expenditures per capita, number of refugees per hundred thousand inhabitants and unemployment rate as significant long-term determinants of the size of the nonprofit sector in the wealthy OECD countries. Alternatively, GDP per capita, age and educational structure are significant long-term determinants of the size of the nonprofit sector in the less wealthy OECD countries. Authors found opposing effect of GDP per capita on the size the nonprofit sector between the two groups of countries.
Keywords: econometric modelling; government failure; nonprofit sector serving households; wealth (search for similar items in EconPapers)
JEL-codes: H50 L31 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlpep:v:2019:y:2019:i:3:id:671:p:276-295
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