Author:
Zhang Ming,Zou Xiaorong,Sha Long
Abstract
China’s social security expenditure has rapidly grown during the past decade, and concerns about the impact of social security on productivity and sustained economic growth have attracted attention. Based on Chinese provincial panel data over the period 2007–2016, a threshold model analysis found that the impact of social security on productivity has a “double threshold” on human capital. Using dynamic panel data models and system General Moment Method estimators also found the existence of this threshold effect: When the human capital level is low or high, social security is favorable for sustained economic growth. However, if the human capital level is at the intermediate level, the function of social security is weak. The main conclusions were still valid after we examined the robustness of our results with several methods.
Subject
Management, Monitoring, Policy and Law,Renewable Energy, Sustainability and the Environment,Geography, Planning and Development
Reference46 articles.
1. Social Security, Economic Growth and Poverty: Theoretical Considerations and Guidelines for Institutional Arrangements;Butter;Res. Memo.,2001
2. A positive theory of social security
3. On the mechanics of economic development
4. Welfare catching up and growth trap: Lessons from Latin America;Fan;Manag. World,2008
5. 40 years of social security in China: Experience summary and reform orientation;Zheng;Chin. Popul. Sci.,2018
Cited by
23 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献