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https://www.um.edu.mt/library/oar/handle/123456789/110543| Title: | Relationships between pension spending, poverty reduction, and economic growth : evidence from the European Union countries |
| Authors: | Medeiros Garcia, Maria Teresa Fernandes Ferreira, Adriana Maria |
| Keywords: | Economic development -- European Union countries Pensions -- European Union countries Poverty -- European Union countries Pensions -- Economic aspects Regression analysis |
| Issue Date: | 2023 |
| Publisher: | University of Piraeus. International Strategic Management Association |
| Citation: | Medeiros Garcia, M. T., & Fernandes Ferreira, A. M. (2023). Relationships between pension spending, poverty reduction, and economic growth : evidence from the European Union countries. European Research Studies Journal, 26(2), 148-163. |
| Abstract: | PURPOSE: The purpose of this paper is to examine the impact of pension spending on both
poverty and economic growth. DESIGN/METHODOLOGY/APPROACH: The paper considers pooled ordinary least squares and fixed effects regression models as well as two-stage least squares (2SLS) regression analysis, and uses annual panel data from 24 European Union Member States, from 2007 to 2018. FINDINGS: The results show that pension spending is relevant for reducing poverty and suggest that pension spending has no impact on gross domestic product growth. PRACTICAL IMPLICATIONS: The results in this paper should advance our understanding of the fundamental role of public pension systems in alleviating poverty and in contributing to inclusive growth. ORIGINALITY/VALUE: To our knowledge, our study is the first that utilises pension expenditure and its impact on both poverty and economic growth using data from European Union countries. |
| URI: | https://www.um.edu.mt/library/oar/handle/123456789/110543 |
| Appears in Collections: | European Research Studies Journal, Volume 26, Issue 2 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| ERSJ26(2)A9.pdf | 227.92 kB | Adobe PDF | View/Open |
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