Institutional development gap in the social sector: Cross-country analysis

Abstract

An institutional quality convergence is always a relevant subject matter since institutional quality is considered to be a vital factor for economic development. The question regarding the convergence of social parameters into development is especially acute when choosing a social policy direction and the related instruments. This paper proposes a methodology to calculate the institutional development gap of social sector (IDGSS) in its three measures: social capital development, social infrastructure development, social security system development. IDGSS is calculated here for 20 countries. The estimation demonstrates how social development parameters (social capital, social infrastructure and social security) depends on a country's economic development level. Besides, we show how IDGSS depends on noneconomic factors, including the level of basic institutions' development, the degree of inequality in the distribution of income and poverty.

Setting up architecture for environmental tax system under certain socioeconomic conditions

“…Moreover, institutional restrictions and limitations might negatively affect the efficiency of country environmental policy, while adopting international environmental recommendations into national legislation might boost positive environmental transformations (Koziuk et al, 2019;Kubaienko, 2018;Ślusarczyk, 2018;Vasilyeva et al, 2020). Thus, Koziuk et al (2019) confirm the hypothesis that the quality of institutions (alongside the stringency of environmental regulatory requierements) has a positive impact on national economies' competitiveness.…”

“…Specifically, Ślusarczyk (2018) argued that country attractiveness for foreign investors highly dependent on the sufficiency of business environment regulation and general macroeconomic stability, while the expansion of foreign direct investment allows improving corporate ecological performance and consequently helps fulfillment of national environmental targets. While, Vasilyeva et al (2020), Bilan et al (2019) realized comprehensive research on how institutional quality parameters influence a country's socioeconomic development. Namely, under the regression analysis of the relevant data for 20 countries, there is a strong correlation (0.78) between GDP growth rate and institutional quality.…”

Migration, environment, and country safety: analysis of touchpoints

“…The first group includes works that study environmental factors that are the driving force of internal and external migration around the world and a threat to national safety [1][2][3][4][5][6][7][8][9]. The following group of publications reveals the importance of studying the indirect factors influencing climate and safety, including the impact of agriculture, food prices, economic growth, migration, disasters, money laundering, international and domestic institutions [9][10][11][12][13][14][15][16][17][18].…”

Globalization and COVID-19: The Role of Local and Regional Authorities In Context Of International Relations

“…al. observed that in many countries, significant progress has been made in healthcare without considerable growth of incomes [15]. On the other hand, having strong state capacity does not mean it will be used well -as the public health systems of the United States and United Kingdom have proved.…”