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Social Spending, Human Capital, and Growth in Developing Countries

Implications for Achieving the Mdgs

Social Spending, Human Capital, and Growth in Developing Countries( )
Author: Baldacci, Emanuele
Cui, Qiang
Clements, Benedict J.
Gupta, Sanjeev
Series title:IMF Working Papers
ISBN:978-1-4623-3351-6
Publication Date:Nov 2004
Publisher:International Monetary Fund
Book Format:Ebook
List Price:USD $7.50
Book Description:

Using panel data from 120 developing countries from 1975 to 2000, this paper explores the direct and indirect channels linking social spending, human capital, and growth in a system of equations. the paper finds that both education and health spending have a positive and significant direct impact on the accumulation of education and health capital, and thus can lead to higher economic growth. the paper also finds that other policy interventions, such as improving governance, reducing...
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Book Details
Pages:39
Physical Dimensions (W X L X H):8.5 x 11 x 0.3 Inches



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