Research on Fitness of Social Security Expenditure to Economic Growth—A Case of Jiangmen City, Guangdong

摘要

In recent years, under the guidance of the policy of "Ensuring the People's Livelihood and Promoting Harmony", China's social security building has achieved remarkable results. By building a "push effect" model and a "pull effect" model, this paper makes an in-depth analysis of the fitness degree of Jiangmen's social security expenditure to its economic growth since 2003. Regression results show that Jiangmen's social security expenditure growth rate, especially the growth rate of its (fiscal) expenditure on medical care and health and price subsidy spending has far exceeded that of its national economy, as in the case of a number of provinces and cities nationwide. With a view to planning ahead, we must be alert to the rigidity of social welfare level, prevent the excessive growth of medicaid spending and price subsidy expenditure, and maintain the proper growth of the social security. When seeking measures to improve the social security, in addition to governmental inputs, other means should be sought so as to ensure the sustained development of our society security system and the sound development of the economy.