Abstract
The aim of this study is to analyse the relationship between social security expenditures (SSE) and human development in Turkey between 1990 and 2014. The main variables of the analysis include the proportion of social security expenditures in gross domestic product (GDP) for social security expenditures and the re-calculated real Human Development Index (HDI) values, with data from the Turkish Statistical Institute (TUIK) for human development. In doing so, the auto-regressive distributed lag (ARDL) bounds test for co-integration is employed. It has been seen upon conclusion of the analysis that social security expenditures are positively affecting human development on a significant level, in both the short- and long-term.
Highlights
The auto-regressive distributed lag (ARDL) method, which is used to determine short- and long-term correlations between the dependent variable, HDI_Real, and the independent variable, social security expenditures (SSE), can be used when the series belonging to variables are I(0) or I(1)
When we look at the diagnostic test results of the ARDL (1,0) model in Table 5; p values belong to serial dependence, heteroscedasticity, model establishment error and normal distribution tests, which are greater than whole α significance levels (1%, 5%, and 10%)
The data was taken from the TUIK reports, and meticulously calculated
Summary
Summary: The aim of this study is to analyse the relationship between social security expenditures (SSE) and human development in Turkey between 1990 and 2014. The aim of this study is to test the short- and long-term relationship between the SSE data and the Human Development Index (HDI) data, which is re-calculation through the use of real data
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