BIGD organises a Seminar on the Political Economy of Social Protection
BIGD organised a seminar titled the Political Economy of Social Protection in Developing Countries on April 7, 2016 at the BRAC Centre Inn, Dhaka. Dr. Syed Mansoob Murshed, Professor of the Economics of Peace and Conflict at the International Institute of Social Studies (ISS), Erasmus University in the Netherlands presented a paper titled on the Determinants of Social Protection Expenditure in a Cross Section of Developing Nations. Dr. Sultan Hafeez Rahman, Executive Director of BIGD chaired the seminar.
In the presentation Dr. Mansoob discussed the determinants of social protection and public health expenditure in a cross-section of heterogeneous developing countries. He shared that these types of spending are a function of fiscal capacity, the degree of democracy, institutional quality, inequality, internal conflict, trade openness, the presence of financial crises, food insecurity, as well as macroeconomic variables such as inflation and debt servicing that inhibit government expenditure.
Dr. Mansoob added that debt servicing robustly reduces social protection spending, whereas higher per-capita income and fiscal capacity encourage it. Greater openness does not necessarily encourage more spending, nor does increased inflation always inhibit it. Rising democratisation promotes social sector spending, and the presence of greater democracy and fiscal capacity reinforces this effect. More equal societies spend more on protection and public health. Internal conflict and crises variables have more ambiguous effects.Followed by the presentation of Dr. Mansoob, distinguished guests participated in an open discussion.
Among other participants, representatives from BRAC, BRAC University, James P Grant School of Public Health, SANEM, University of Dhaka, IGC, and media attended the seminar.