Electronic Resource
550 Swanston Street (PO Box 378) Carlton South, Victoria 3053 Australia
:
Blackwell Publishing Asia Pty Ltd
Pacific economic review
10 (2005), S. 0
ISSN:
1468-0106
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Economics
Notes:
Abstract. We provide evidence indicating that countries with well developed social security systems do not necessarily face a trade-off between social spending and competitiveness. On average, countries that spend a lot on social needs score well in the competitiveness league. We investigate the importance of a reverse causality from competitiveness to social spending, and find that this is weak. We also present some possible explanations for our empirical finding. Finally, we interpret our findings in the framework of a theoretical model in which risk affects the size of the social sector and social spending affects the production function of the private sector.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1468-0106.2005.00263.x
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