Resilience to Crisis Through Social Protection Can We Build the Case?
Posted: 19 Dec 2014
Date Written: December 17, 2014
This paper investigates the linkage between social protection policies and economic resilience. Does social protection have an impact on income and growth? What role do social protection policies play in strengthening a society's capacity to overcome economic and social hardships? These are questions that the recent crisis has again propelled to the forefront of the debate among international development institutions. Our panel analysis has found a positive answer to the first question and provides some empirical evidence showing that the promotion of social protection may be an effective means of reducing poverty and accelerating economic development. The answer to the second question, however, remains elusive insofar as our initial hypothesis comes up against methodological limitations and data availability issues that hamper the fine-tuning our investigation.
Keywords: Social Protection, Public spending, Growth, Financial Crisis, Resilience
JEL Classification: O11, O4, H50, I13, I31, I38
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