ITEM METADATA RECORD
Title: Globalisation and social spending. A race to the bottom?
Authors: De Grauwe, Paul ×
Polan, Magdalena #
Issue Date: 2005
Series Title: Pacific Economic Review vol:10 issue:1 pages:105-123
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.
ISSN: 1361-374X
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center of International Economics, Leuven
Department of Economics, Leuven - miscellaneous
× corresponding author
# (joint) last author

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