View More View Less
  • 1 Faculty of Economics and Administrative Sciences, Usak University, , Turkey
  • | 2 Faculty of Business, Department of Business Administration, Dokuz Eylül University, Oda 122/B, Kat 1, Buca, 35390, , Turkey
  • | 3 Faculty of Economics and Administrative Sciences, Dokuz Eylül University, , Turkey
Restricted access

Purchase article

USD  $25.00

1 year subscription (Individual Only)

USD  $700.00

Abstract

Researchers and practitioners alike have long debated the role of high GDP growth strategies and social expenditures (SE) in ensuring a better distribution of income and reduction of poverty. This study is aimed at investigating the effectiveness of social expenditures by offering the use of a robust methodology. Our sample consists of 27 EU countries (further divided into pre- and post-2000 members) between 2005 and 2017. We used panel data to determine whether social expenditures have a positive effect on the World Bank generated Human Development Index (HDI).

  • Agbloyor, E. K. Kusi, B. A. Gyeke-Dako, A. (2018): Does Corporate Governance Structures Promote Shareholders or Stakeholders Value Maximization? Evidence from African Banks. Corporate Governance: The International Journal of Business in Society, 18(2): 270288.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Alin, O. Marieta, M. D. (2011): Correlation Analysis between the Health System and Human Development Level within the European Union. International Journal of Trade, Economics and Finance, 2(2): 199.

    • Search Google Scholar
    • Export Citation
  • Alkire, S. (2010): Human Development: Definitions, Critiques, and Related Concepts. SSRN Electronic Journal, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1815263.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Asadullah, M. N. Savoia, A. Mahmud, W. (2014): Paths to Development: Is There a Bangladesh Surprise? World Development, 62(1): 138154.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Beaudonnet, L. (2013): Preferences for European Social Policy in Times of Crisis. Politique Européenne, 4(4): 96123.

  • Beraldo, S. Montolio, D. Turati, G. (2009): Healthy, Educated and Wealthy: A Primer on the Impact of Public and Private Welfare Expenditures on Economic Growth. The Journal of Socio-Economics, 38(6): 946956.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Breusch, T. S. Pagan, A. R. (1980): The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics. The Review of Economic Studies, 47(1): 239253.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Casasnovas, G. Bori, M. (2014): The Socioeconomic Determinants of Health: Economic Growth and Health in the OECD Countries during the Last Three Decades. International Journal of Environmental Research and Public Health, 11(1): 815829.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Clarke, P. Crawford, C. Steele, F. Vignoles, A. F. (2010): The Choice between Fixed and Random Effects Models: Some Considerations for Educational Research. IZA Working Paper, No. 5287.

    • Search Google Scholar
    • Export Citation
  • Daghighiasli, A. Mohammadi, T. Shahbaz, M. (2014): The Survey of Human Capital Effect on Economic Growth in Oil Rich Countries. International Review of Management and Business Research, 3(1): 319326.

    • Search Google Scholar
    • Export Citation
  • Dell’Anno, R. (2009): Institutions and Human Development in the Latin American Informal Economy. Constitutional Political Economy, 21(3): 207230.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Dumitrescu, E. I. Urlin, C. (2012): Testing for Granger Non-Causality in Heterogeneous Panels. Economic Modelling, 29(4): 14501460.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Eurostat (2020): Expenditure on Social Protection. https://ec.europa.eu/eurostat/statistics-explained/index.php/Social_protection_statistics#Social_protection_expenditure_and_GDP_rates_of_change.

    • Search Google Scholar
    • Export Citation
  • Gebregziabher, F. Nino‐Zarazua, M. (2014): Social Spending and Aggregate Welfare in Developing and Transition Economies. SSRN Electronic Journal. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2431213.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Haile, F. Nino‐Zarazua, M. (2018): Does Social Spending Improve Welfare in Low‐Income and Middle‐Income Countries? Journal of International Development, 30(3): 367398.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Hall, D. (2014): Equality and Public Services–Beyond Consumer Spending. PSIRU Reports, April. http://www.psiru.org/sites/default/files/2014-03-EQUALITY.docx.

    • Search Google Scholar
    • Export Citation
  • Hoang, N. T. (2006): New Tests for Cointegration in Heterogeneous Panels .Center for Economic Analysis. https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=ACE10&paper_id=168.

    • Search Google Scholar
    • Export Citation
  • Horký-Hlucháň, O. Lightfoot, S. (2013): Development Policies of Central and Eastern European States: From Aid Recipients to Aid Donors. London: Routledge.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Iheoma, C. G. (2012): Social Spending and Human Development in Selected West African Countries. SSRN Electronic Journal, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2129219.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Im, K. S. Pesaran, M. H. Shin, Y. (2003): Testing for Unit Roots in Heterogeneous Panels. Journal of Econometrics, 115(1): 5374.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Kao, C. (1999): Spurious Regression and Residual-Based Tests for Cointegration in Panel Data. Journal of Econometrics, 90(1): 144.

  • Karaman, Ö. D. D. (2007): Comparison of Panel Cointegration Tests. Humboldt-Universität zu Berlin, Discussion Paper Series, No. 29.

  • Konya, L. (2006): Exports and Growth: Granger Causality Analysis on OECD Countries with a Panel Data Approach. Economic Modelling, 23(6): 978992.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Kosack, S. Tobin, J. L. (2015): Which Countries’ Citizens Are Better off with Trade? World Development, 76(1): 95113.

  • Loko, M. Mlachila, M. M. Nallari, R. Kalonji, M. (2003): The Impact of External Indebtedness on Poverty in Low-Income Countries. IMF Working Paper, No. 03/61.

    • Search Google Scholar
    • Export Citation
  • Maddala, G. S. Wu, S. (1999): A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test. Oxford Bulletin of Economics and Statistics, 61(1): 631652.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Morais, P. Miguéis, V. L. Camanho, A. S. (2013): Quality of Life Experienced by Human Capital: An Assessment of European Cities. Social Indicators Research, 110(1): 187206.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • OECD (2014): Looking at Social Protection Globally, in the OECD and in the Asia/Pacific Region. https://www.oecd-ilibrary.org.

  • Olivia, F. (2018): Does Spending Affect Human Development? Regional Data Investigation in Western and Eastern Parts of Indonesia, Eurasia. Economics and Business, 3(9): 113.

    • Search Google Scholar
    • Export Citation
  • Ostojić, A. Žmegač, D. (2014): Public Expenditure and Global Economic Crisis – EU 15. Presentation at 3rd International M-Sphere Conference for Multidisciplinarity in Business and Science, Zadar, Croatia, 2–4 October, 2014.

    • Search Google Scholar
    • Export Citation
  • Pahlevi, P. (2018): Impact of Governance and Government Expenditure on Human Development in Indonesia. Master’s Thesis. https://thesis.eur.nl/pub/41809/MMerita_MA_2016_17_GDP.pdf.

    • Search Google Scholar
    • Export Citation
  • Pangastuti, Y. (2015): The Analysis of Human Resources Development in Central Java Province 2009–2013. JEJAK: Journal of Economics and Policy, 8(2): 229239.

    • Search Google Scholar
    • Export Citation
  • Park, K. (2011): The Efficiency in Welfare Expenditure and Economic Growth. Korean Journal of Policy Studies, 23(6): 129146.

  • Pedroni, P. (2001): Fully Modified OLS for Heterogeneous Cointegrated Panels. In: Baltagi, B. H. Fomby, T. B. Carter Hill, R. (eds): Nonstationary Panels, Panel Cointegration, and Dynamic Panels (Advances in Econometrics, Vol.15). Bingley: Esmerald Group Publishing Limited, pp. 93130.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Pesaran, M. H. (2004): General Diagnostic Tests for Cross Section Dependence in Panels. SSRN Electronic Journal, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=572504.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Prasad, N. (2008): Growth and Social Development in the Pacific Island Countries. International Journal of Social Economics, 35(12): 930950.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Prasetyo, A. D. Zuhdi, U. (2013): The Government Expenditure Efficiency towards the Human Development. Procedia Economics and Finance, 5(1): 615622.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Rahayu, I. P. Widodo, T. (2012): The Causal Relationship between Corruption and Poverty in ASEAN: A General Method of Moments/Dynamic Panel Data Analysis. Journal of Economics, Business & Accountancy Ventura, 15(3): 527536.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Rubianes, Á. C. (2011): Patterns and Trends of Public Investment in the New Member States of the European Union. In: Florio, M . (ed.): Public Investment, Growth and Fiscal Constraints: Challenges for the EU New Member States. Cheltenham, UK: Edward Elgar, pp. 113135.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • Sahay, R. Cashin, P. Mauro, P. (2001): Macroeconomic Policies and Poverty: The State of Play and a Research Agenda. http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.199.1927&rep=rep1&type=pdf.

    • Search Google Scholar
    • Export Citation
  • Sanga, L. R. (2018): A Mixed Method Assessment of the Association between Young Mother’s Education Attainment and Child Malnutrition in Rural Malawi. http://etd.uwc.ac.za/handle/11394/6816.

    • Search Google Scholar
    • Export Citation
  • Tasci, K. Tatli, H. (2019): Short- and Long-Term Correlation of Social Security Expenditure and Human Development: Turkish Model. Panoeconomicus, 66(1): 93112.

    • Crossref
    • Search Google Scholar
    • Export Citation
  • United Nations Development Programme – UNDP (1990): Human Development Report. http://hdr.undp.org/sites/default/files/reports/219/hdr_1990_en_complete_nostats.pdf.

    • Search Google Scholar
    • Export Citation
  • United Nations Development Programme – UNDP (2019): Human Development Data (1990–2017). http://hdr.undp.org/en/data.

  • World Bank (2020): GDP Growth Annual .https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG.

  • Younkins, E. W. (2003): Aristotle, Human Flourishing, and the Limited State .http://www.quebecoislibre.org/031122-11.htm.

  • Zellner, A. (1962): An Efficient Method of Estimating Seemingly Unrelated Regressions and Tests for Aggregation Bias. Journal of the American Statistical Association, 57(298): 348368.

    • Crossref
    • Search Google Scholar
    • Export Citation
Submit Your Manuscript
 
The author instruction is available in PDF.
Please, download the file from HERE.

 

The description of the refereeing procedure is available in PDF.
Please, download the file from HERE.

 

 

Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

  • Ádám Török (Chairman) / University of Pannonia; Budapest University of Technology and Economics
  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Beáta Farkas / Faculty of Economics and Business Administration, University of Szeged
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

Advisory Board

  • Ǻslund, Anders, Institute of International Economics, Washington (USA)
  • Kolodko, Grzegorz, Kozminski University, Warsaw (Poland)
  • Mau, Vladimir, Academy of National Economy (Russia)
  • Messerlin, Patrick A, Groupe d’Economie Mondiale (France)
  • Saul Estrin, London School of Economics (UK)
  • Wagener, Hans-Jürgen, Europa Universität Viadrina (Germany)

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary

Indexing and Abstracting Services:

  • EconLit
  • Elsevier GEO Abstracts
  • GEOBASE
  • International Bibliographies IBZ and IBR
  • JEL
  • Referativnyi Zhurnal
  • RePEc
  • SCOPUS
  • Social Science Citation Index
  • Index Copernicus

 

2020  
Total Cites 275
WoS
Journal
Impact Factor
0,875
Rank by Economics 325/377 (Q4)
Impact Factor  
Impact Factor 0,534
without
Journal Self Cites
5 Year 0,500
Impact Factor
Journal  0,38
Citation Indicator  
Rank by Journal  Economics 347/549 (Q3)
Citation Indicator   
Citable 37
Items
Total 37
Articles
Total 0
Reviews
Scimago 13
H-index
Scimago 0,292
Journal Rank
Scimago Economics and Econometrics Q3
Quartile Score  
Scopus 225/166=1,4
Scite Score  
Scopus Economics and Econometrics 392/661 (Q3)
Scite Score Rank  
Scopus 0,668
SNIP  
Days from  289
submission  
to acceptance  
Days from  447
acceptance  
to publication  

2019  
Total Cites
WoS
212
Impact Factor 0,914
Impact Factor
without
Journal Self Cites
0,728
5 Year
Impact Factor
0,650
Immediacy
Index
0,156
Citable
Items
45
Total
Articles
45
Total
Reviews
0
Cited
Half-Life
3,9
Citing
Half-Life
9,5
Eigenfactor
Score
0,00015
Article Influence
Score
0,052
% Articles
in
Citable Items
100,00
Normalized
Eigenfactor
0,01891
Average
IF
Percentile
28,437
Scimago
H-index
12
Scimago
Journal Rank
0,439
Scopus
Scite Score
214/165=1,3
Scopus
Scite Score Rank
Economics and Econometrics 355/637 (Q3)
Scopus
SNIP
0,989

 

Acta Oeconomica
Publication Model Hybrid
Submission Fee none
Article Processing Charge 900 EUR/article
Printed Color Illustrations 40 EUR (or 10 000 HUF) + VAT / piece
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription fee 2022 Online subsscription: 600 EUR / 750 USD
Print + online subscription: 704 EUR / 880 USD
Subscription Information Online subscribers are entitled access to all back issues published by Akadémiai Kiadó for each title for the duration of the subscription, as well as Online First content for the subscribed content.
Purchase per Title Individual articles are sold on the displayed price.

Acta Oeconomica
Language English
Size B5
Year of
Foundation
1966
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia
Founder's
Address
H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)

Monthly Content Usage

Abstract Views Full Text Views PDF Downloads
Dec 2021 100 3 5
Jan 2022 113 21 20
Feb 2022 40 3 6
Mar 2022 79 2 3
Apr 2022 313 0 0
May 2022 76 1 1
Jun 2022 0 0 0