Social Spending Human Capital And Growth In Developing Countries
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Social Spending Human Capital And Growth In Developing Countries
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Author : Emanuele Baldacci
language : en
Publisher:
Release Date : 2015
Social Spending Human Capital And Growth In Developing Countries written by Emanuele Baldacci and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
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 canlead 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.
Social Spending Human Capital And Growth In Developing Countries Implications For Achieving The Mdgs
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Author : Qiang Cui
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2004-11-01
Social Spending Human Capital And Growth In Developing Countries Implications For Achieving The Mdgs written by Qiang Cui and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-11-01 with categories.
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.
Social Spending Human Capital And Growth In Developing Countries
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Author :
language : en
Publisher:
Release Date : 2004
Social Spending Human Capital And Growth In Developing Countries written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Economic development categories.
Government Expenditure And Economic Growth
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1989-05-15
Government Expenditure And Economic Growth written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-05-15 with Business & Economics categories.
This paper examines the empirical evidence on the contribution that government and, in particular, capital expenditure make to the growth performance of a sample of developing countries. Using the Denison growth accounting approach, this study finds that social expenditures may have a significant impact on growth in the short run, but infrastructure expenditures may have little influence. While current expenditures for directly productive purposes may exert a positive influence, capital expenditure in these sectors appears to exert a negative influence. Experiments with other explanatory variables confirm the importance of the growth of exports to the overall growth rate.
Debt Investment And Growth In Developing Countries With Segmented Labor Markets
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Author : Mr.Edward F Buffie
language : en
Publisher: International Monetary Fund
Release Date : 2020-06-19
Debt Investment And Growth In Developing Countries With Segmented Labor Markets written by Mr.Edward F Buffie and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-19 with Business & Economics categories.
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector. These features allow for a deeper examination of macroeconomic and fiscal policy programs and their impact on labor market outcomes, inequality, and poverty. The paper illustrates the model's properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective than investment in infrastructure in promoting long-run economic development when investments earn their average estimated returns. The decision about how much to invest in human capital versus infrastructure involves, however, an acute intertemporal trade-off. Because investment in education affects labor productivity with a long lag, it takes 15+ years before net national income, the private capital stock, real wages for the poor, and formal sector employment surpass their counterparts in a program that invests mainly in infrastructure. The ranking of alternative investment programs depends on the policymakers' social discount rate and on the weight of distributional objectives in the social welfare function.
Public Capital Growth And Welfare
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Author : Pierre-Richard Agénor
language : en
Publisher: Princeton University Press
Release Date : 2013
Public Capital Growth And Welfare written by Pierre-Richard Agénor and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.
Laying a solid foundation of economic facts and ideas, this book provides a comprehensive look at the critical role of public capital in development.
Social Sector Spending Governance And Economic Development
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Author : Ramesh Chandra Das
language : en
Publisher: Taylor & Francis
Release Date : 2023-02-20
Social Sector Spending Governance And Economic Development written by Ramesh Chandra Das and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-02-20 with Business & Economics categories.
Economic development depends heavily on the growth of social sectors like education, healthcare, gender equality, as well as factors like income, consumption, investment and trade. This book examines the interlinkages between development, good governance and spending on social growth. The book focuses on different areas of social growth, public welfare and poverty reduction including managing human resources, corruption in public institutions and public spaces as well as health and welfare measures. The chapters in the volume highlight the role of government interventions in boosting human development – particularly in developing countries in Asia and Africa and many developed countries in the post-COVID scenario. The book also examines the foundations of government spending on development and effective governance while underlining the impact which social growth has on the economy. Rich in theoretical and empirical perspectives, this book will be useful for students and researchers of economics, sociology, political studies, public finance, development studies as well as for policymakers and think tanks working in the areas of human development.
Investing In Human Capital For Economic Development In China
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Author : Gordon Guoen Liu
language : en
Publisher: World Scientific
Release Date : 2010-04-15
Investing In Human Capital For Economic Development In China written by Gordon Guoen Liu and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-04-15 with Business & Economics categories.
This book is a reflection of the current research that explores the mechanism, dynamics and evidence of the impact of human capital on economic development and social well-being in modern China. Composed of keynote speeches and selected papers from The 2005 International Conference of the Chinese Economists Society (www.china-ces.org), it tracks the latest understanding and empirical evidence of the relationships amongst health, education and economic development in China. The book presents a broad spectrum of study topics covering human capital and economic growth; demand, attainment and disparity in both education and health; and investing in human capital and the economic and social returns in China. Distinguished contributors include Robert Fogel, Michael Grossman, Daniel Hamermesh, Gregory Chow and Dean Jamison.
Social Capability And Long Term Economic Growth
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Author : Bon Ho Koo
language : en
Publisher: Springer
Release Date : 2016-07-27
Social Capability And Long Term Economic Growth written by Bon Ho Koo and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-27 with Business & Economics categories.
What accounts for the varying long term growth patterns across developing countries? Why were some economies able to achieve sustained and rapid growth in the past three decades, while others failed? In Social Capability and Long-Term Economic Growth, an impressive panel of economists come together to develop a theory of long-term growth, focusing on the dynamic relationship between the social capability to manage scarce resources and long-term growth. Various theoretical issues concerning social capability are explored, and in-depth case-studies of the development experiences of Asian, Latin American, and socialist economies are presented with significant empirical findings. The authors argue that a nation's social capability to efficiently manage human resources is a crucial ingredient for sustaining growth. This study is a serious response to the important question of how a poor developing country can transform itself into a developed one, and its findings offer valuable insight to the development of a long-term growth theory and to economic development policies.
Social Spending And Economic Growth In The Sudan An Econometric Perspective
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Author : Hisham Hassan
language : de
Publisher:
Release Date : 2017-05-03
Social Spending And Economic Growth In The Sudan An Econometric Perspective written by Hisham Hassan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-03 with categories.
Wissenschaftlicher Aufsatz aus dem Jahr 2014 im Fachbereich BWL - Sonstiges, Sprache: Deutsch, Abstract: This paper takes into account the recent role of social spending on development. Social spending outcome in Sudan is influenced by limited targeting actions with very low interventions between results in economic growth and accesses to basic social services. An econometric model's results show that more social spending in the short run increases output which enhances GDP per capita growth by 0.5% with 3.1% towards convergence equilibrium in the long run.