GOVERNMENT SOCIAL SPENDING AND GDP: HAS THERE BEEN A CHANGE IN SOCIAL POLICY?

Jesus Clemente Lopez, Carmen Marcuello and Antonio Montañés

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Abstract: Government Social Spending is made up of a very heterogeneous range of variables, monetary transfers for retirement or illness, unemployment benefits, family services, active labour market policies and health expenditure. We believe that each of these components is of enormous importance to the economic development of a country. As has often been affirmed, however, Government Social Spending is one of the economic aggregates most sensitive to the ups and downs of economic growth. In moments of crisis, sharp cuts are almost immediate, and these may or may not be recovered when times are good. In this paper, we examine the sensitivity of Government Social Spending to the evolution of GDP in order to reveal the relationship between the two.

Keywords: Social; Sciences; &; Humanities (search for similar items in EconPapers)
Date: 2011-06-17
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Published in Applied Economics, 2011, pp.1. ⟨10.1080/00036846.2011.568401⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00709555

DOI: 10.1080/00036846.2011.568401

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