Economic growth and housing spending within social protection: Correlation and causal study
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Author(s)Svitlana ZhuchenkoLink to ORCID Index: https://orcid.org/0000-0002-0657-3040
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Zuzana KubaščikovaLink to ORCID Index: https://orcid.org/0000-0001-6739-1278
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Anastasiia SamoilikovaLink to ORCID Index: https://orcid.org/0000-0001-8639-5282
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Tetiana VasylievaLink to ORCID Index: https://orcid.org/0000-0003-0635-7978
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Iryna D’yakonovaLink to ORCID Index: https://orcid.org/0000-0003-4366-8062
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DOIhttp://dx.doi.org/10.21511/pmf.12(1).2023.07
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Article InfoVolume 12 2023, Issue #1, pp. 73-85
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- 477 Views
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90 Downloads
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Creative Commons Attribution 4.0 International License
The purpose of this study is to ground the causality, its character, and power between economic growth and housing spending within government social protection to strengthen poverty reduction. The study is conducted on a sample of 27 EU countries for 2012–2021 according to the following indicators: government expenditure on housing within social protection, government expenditure on housing development, and GDP per capita growth. Correlation analysis revealed the relationship between the variables. The paper employed time lags with the most significance based on Pearson and Spearman correlation coefficients depending on normal data (Shapiro-Wilk test). The causal analysis determined which of the studied indicators is the cause and consequence of established dependence based on the results of the Granger test. Calculations are made in STATA software. It is confirmed that government expenditure on housing within social protection influences GDP per capita growth in 14 countries (the highest impact is in Greece and Spain) and government expenditure on housing development – in 17 countries (the biggest influence is in Romania, the Slovak Republic, Ireland, and Lithuania). It is also emphasized that government expenditure on housing development influences economic growth more significantly and with higher strength than government expenditure on housing within social protection. The obtained results can be useful in further research and government decision-making in social and economic policy, particularly regarding the expediency of increasing government spending for affordable housing and its development according to social protection programs, poverty reduction, and inclusive economic growth.
Acknowledgments
The study is funded by the Ministry of Education and Science of Ukraine (No. 0122U000781) and the Vega Agency (No. 1/0638/23).
- Keywords
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JEL Classification (Paper profile tab)H55, O47, R28
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References61
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Tables4
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Figures2
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- Figure 1. Cross-country analysis of shares of government expenditure on housing in the spending block of social protection in 2021
- Figure 2. Cross-country analysis of shares of government expenditure on housing development in the spending block of housing and community amenities in 2021
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- Table 1. Normal data testing based on the Shapiro-Wilk methodology
- Table 2. Pearson/Spearman correlation calculations
- Table 3. Granger test for causality
- Table 4. Determination of unidirectional or bidirectional causality based on Granger test results
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Impact on poverty and income inequality in Malaysia’s economic growth
Rabiul Islam ,
Ahmad Bashawir Abdul Ghani ,
Irwanshah Zainal Abidin ,
Jeya Malar Rayaiappan
doi: http://dx.doi.org/10.21511/ppm.15(1).2017.05
Problems and Perspectives in Management Volume 15, 2017 Issue #1 pp. 55-62 Views: 12036 Downloads: 5744 TO CITE АНОТАЦІЯPoverty and income inequality are extreme issues that still exist in Malaysia. Any rise in poverty and income inequality definitely affect economic growth. There are many great efforts taken by the government of Malaysia to eradicate poverty and to reduce the gap of income inequality which occurs since 1970’s. The incidence of poverty and income inequality is higher in rural areas compared to urban areas. This paper is mainly to study the level of poverty and income inequality in Malaysia together with government intervention to develop Malaysia’s economic growth. The research is focused among the working people at Ipoh, Perak. In this paper, questionnaire forms are being distributed to get information regarding the issue of poverty and income inequality. It also looks into the strategies taken by the government of Malaysia to eradicate poverty and income inequality. Few recommendations are given in terms of education policy, financial aid and assistance from government and non-government organization (NGO) to upgrade the standard and quality of living among the poor and lower-income group of people.
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State financial assistance within Lesotho Maseru’s small, medium and micro enterprises
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