Scholarlink

<p>This study investigates the impact of public welfare spending on global economic interconnections among the Group of Seven nations from 1980 to 2021. Using panel-corrected standard errors and feasible generalized least squares estimation, the results show that welfare expenditure contributes 37.55% to global economic integration, largely through Foreign Direct Investment. Unemployment spending negatively affects interconnectedness, while pension spending has a greater positive influence. Family benefits have minimal impact, whereas social expenditure enhances global connectivity. The findings suggest that targeted welfare spending can strengthen global economic linkages.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Exploring how public welfare spending shapes global economic interconnections among G7 nations: empirical evidence from panel-corrected standard errors (PCSE) and feasible generalised least squares (FGLS) estimation approaches

  • 期刊论文

  • 出版模式：

    开放获取

  • 发表日期：

    2026年7月17日

查看全文
  • Eric Amankwaah,
  • Mohammed Musah,
  • Simplice Asongu,
  • Kwadwo Boateng Prempeh

摘要

This study investigates the impact of public welfare spending on global economic interconnections among the Group of Seven nations from 1980 to 2021. Using panel-corrected standard errors and feasible generalized least squares estimation, the results show that welfare expenditure contributes 37.55% to global economic integration, largely through Foreign Direct Investment. Unemployment spending negatively affects interconnectedness, while pension spending has a greater positive influence. Family benefits have minimal impact, whereas social expenditure enhances global connectivity. The findings suggest that targeted welfare spending can strengthen global economic linkages.