¿El bienestar social influye en el crecimiento económico? Estudio para 17 países de América Latina en el período 2014-2018

Does social welfare influence economic growth? Study for 17 Latin American countries in the period 2014-2018

Lizeth Cuesta and Rosa Montoya

MPRA Paper from University Library of Munich, Germany

Abstract: Globally, the welfare of society is still flawed, which is why, through the Social Progress Index (SPI), the goal is to measure the quality of life of a society. In this way, the study aims to determine the relationship between economic growth and IPS in the 2014-2018 period, for 17 countries in Latin America, so the panel data econometric technique with information from the bases was used of the Imperative of Social Progress (2018) and World Bank (2018). Among the main results, it is worth noting that the hypothesis is met by verifying that the IPS positively affects economic growth, although the significance of its dimensions varies according to its level of income. The policy implications should focus on greater attention to health, education, the environment and, above all, anti-corruption laws that avoid the diversion of resources and harm the well-being of society.

Keywords: SPI.; Quality; of; life.; GDP.; Panel; data.; Latin; America. (search for similar items in EconPapers)
JEL-codes: C23 E23 I31 (search for similar items in EconPapers)
Date: 2020-04-09, Revised 2021-09-17
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