Lee, Chien-Chiang; Chang, Chun-Ping - In: Journal of Economics and Management 3 (2007) 2, pp. 225-247
Can extending social welfare expenditures promote economic growth? This issue has been discussed extensively, with some … sub-questions. For example, for two countries with the same social welfare expenditures, will increased social welfare …? What is the function of social welfare expenditures? This paper adopts simultaneous equations with three-stage least …