Investigating the nonlinear effects of economic growth on social welfare in selected developing countries

Purpose: One of the macro-economic goals of countries is to create the necessary conditions to improve the level of social welfare, and one of the factors affecting it is economic growth. One of the most important goals of economic planners is to increase economic growth in order to expand social welfare. Accordingly, the purpose of this research is to investigate the effect of economic growth on social welfare in selected developing countries.
Method: The present research aims to evaluate the effects of economic growth on social welfare in a selection of developing countries in the period of 2002-2021 using the Generalized Moment of Methods.
Findings: The model estimation results show that economic growth has a non-linear effect on social well-being. Economic growth at its low levels has left a negative impact on social well-being, but increasing the level of economic growth and crossing the threshold level of 0.091 has improved social well-being.
Results: Economic growth will be a factor in increasing the level of social welfare in the studied countries. On the other hand, other variables in the model have different effects on the dependent variable; Some of them cause a decrease and some cause an increase in social welfare. The first break of social welfare and corruption control has a positive effect and the size of the government has a negative effect on social welfare.