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Social Security in Developing Countries: Myth or Necessity? Evidence from India

Patricia Justino ()

No 20, PRUS Working Papers from Poverty Research Unit at Sussex, University of Sussex

Abstract: This paper discusses the importance of social security policies in developing economies, using empirical evidence from India. The paper discusses the viability of implementing systems of social protection in developing countries and provides an empirical analysis of the effects of socio-economic security policies on Indian’s economic performance between 1973 and 1999, using a two-stage least square model adapted to data from a panel of 14 Indian states. The results show that policies that strengthen the social and economic security of the Indian population have been an important endogenous variable to both the reduction of poverty and the economic growth in India.

Keywords: Social security; social protection; economic growth; India; simultaneous equation models; panel data (search for similar items in EconPapers)
JEL-codes: C33 H50 I38 O10 O40 O53 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2003-09
New Economics Papers: this item is included in nep-cwa, nep-dev and nep-pub
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Journal Article: Social security in developing countries: MYTH or necessity? Evidence from India (2007) Downloads
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