EconStor >
Verein für Socialpolitik >
Ausschuss für Entwicklungsländer, Verein für Socialpolitik >
Proceedings of the German Development Economics Conference, 2009 (Frankfurt a.M.) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/39925
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorKaur, Simriten_US
dc.date.accessioned2010-09-13T15:00:19Z-
dc.date.available2010-09-13T15:00:19Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/39925-
dc.description.abstractWhat is the relationship between social welfare, safety nets and economic freedom? Arguably, if economic freedom (EF) promotes growth and if it trickles down EF promotes larger freedoms (e.g. a healthy and productive life, free from want and deprivation). However, higher EF by definition entails lower government interventions in sectors such as provision of safety nets, health and education, thereby curtailing some aspects of larger freedoms. Thus ambiguity exists with respect to the effect of EF on larger freedoms. Given that developing countries account for many poor, have malnourished children, face a decline in per capita availability of food grains, with a sharp rise in farmer’s suicide (for instance in India), providing safety nets is essential for enhancing larger freedoms. However, with the initiation of economic reforms favouring market oriented policies, the role of the government in investment decisions has diminished. The econometric analysis suggests that higher levels of EF promote not only higher levels of GDP per capita but also impact larger freedoms favourably. However, results also confirm that higher levels of EF associated with few of its sub-components, particularly lower government consumption expenditures and lower transfers and subsidies, affect larger freedoms adversely. Since the role of the State in creating and expanding social opportunities, and in mitigating risks and vulnerability from the broader perspective of human freedoms is well documented, a policy dilemma exists regarding the appropriate level of EF. In light of this dilemma, and acknowledging that public action expands larger freedoms, the paper questions the commonly held belief that government interventions are necessarily less productive.en_US
dc.language.isoengen_US
dc.publisherVerein für Socialpolitik, Ausschuss für Entwicklungsländer Göttingenen_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Frankfurt a.M. 2009 16en_US
dc.subject.jelI30en_US
dc.subject.jelI38en_US
dc.subject.jelO43en_US
dc.subject.ddc330en_US
dc.subject.keywordEconomic freedomen_US
dc.subject.keywordsafety netsen_US
dc.subject.keywordhuman developmenten_US
dc.subject.keywordincome inequalityen_US
dc.subject.keyworddeprivationen_US
dc.subject.keywordpublic interventionen_US
dc.titleSocial Safety Nets, Economic Freedom and Public Policyen_US
dc.typeConference Paperen_US
dc.identifier.ppn65421056X-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:gdec09:16-
Appears in Collections:Proceedings of the German Development Economics Conference, 2009 (Frankfurt a.M.)

Files in This Item:
File Description SizeFormat
16_kaur.pdf371.82 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.