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Title Social spending, human capital, and growth in developing countries : implications for achieving the MDGs / prepared by Emanuele Baldacci, Benedict Clements, Sanjeev Gupta, and Qiang Cui
Published [Washington, D.C.] : International Monetary Fund, [2004]
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Description 1 online resource (39 pages)
Series IMF working paper ; WP/04/217
IMF working paper ; WP/04/217
Summary Annotation 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 excessive budget deficits, and taming inflation, can also be helpful in moving countries toward the Millennium Development Goals (MDGs). As such, higher spending alone is not sufficient to achieve the MDGs
Bibliography Includes bibliographical references
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Economic development -- Econometric models.
Expenditures, Public -- Econometric models.
Finance, Public.
Human capital -- Econometric models.
Form Electronic book
Author Baldacci, Emanuele, author
Clements, Bendict, author
Cui, Qiang, 1976- author
Gupta, Sanjeev, author
International Monetary Fund. Fiscal Affairs Department, issuing body
ISBN 1283517159
1451919743 (e-book)
9781451919745 (e-book)