Role of Welfare Organizations in Advancing Societal Image

Abstract

This research delves into the influence of social security investment on the well-being of emerging nations within the context of economic and environmental crises. The empirical investigation draws from an unbalanced panel dataset comprising 82 developing countries. The study's findings underscore the pivotal mediating role played by social protection expenditure in mitigating the impacts of economic and environmental disruptions, ultimately safeguarding national food security. Furthermore, this spending is associated with an increase in household expenditure and the accumulation of human assets in these developing nations, as revealed by the analysis of three well-being indicators. Notably, the study suggests that social protection expenditure is more effective in mitigating the consequences of environmental shocks compared to macroeconomic vulnerabilities. These compelling findings underscore the urgency of augmenting public resources allocated to establish social safety programs. In light of this research, the study explores the intricate relationship between well-being and the occurrences of economic and environmental shocks in developing countries, with specific attention to the role of social protection expenditures.