Download or read book Social Spending Human Capital and Growth in Developing Countries Implications for Achieving the MDGs written by Qiang Cui and published by INTERNATIONAL MONETARY FUND. This book was released on 2004-11-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Social Spending Human Capital and Growth in Developing Countries written by Emanuele Baldacci and published by . This book was released on 2015 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Social Spending Human Capital and Growth in Developing Countries written by and published by . This book was released on 2004 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Social Capital and Economic Development written by Jonathan Isham and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chapters in this volume explore the challenges and opportunities raised by this concept for researchers, practitioners and teachers. Social Capital and Economic Development is based upon a consistent, policy-based vision of how social capital affects well-being in developing countries.

Download or read book Social Spending and Human Development in Selected West African Countries written by Chukwunonso Gerald Iheoma and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fundamental focus of economic development is the development of the human person, and over the years, there has been a common consensus among development economists on the efficacy of social services in achieving this objective. But, as is the case in advanced countries, is social spending capable of ensuring human development in developing countries? This study aims at providing answers to this question using Nigeria, Ghana and Senegal as case studies. The study adopts the fixed effect partial adjustment model and regressed the human development index on health and education spending across these countries estimated using the ordinary least square. Results show that while health spending is significant in explaining human development in these countries both in the short and long runs, education spending is not. Therefore, it is recommended that in order to ensure the continued development of the human capital in these countries, increased funding of the health sector is necessary. Furthermore, ensuring adequate utilization of education sector allocation and enhancing the availability and accessibility of education services especially to the urban poor and rural dwellers will address the disconnect between education spending and human development.

Download or read book Debt Investment and Growth in Developing Countries with Segmented Labor Markets written by Mr.Edward F Buffie and published by International Monetary Fund. This book was released on 2020-06-19 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Multiple Dimensions of Human Development Index and Public Social Spending for Sustainable Development written by Iana Paliova and published by International Monetary Fund. This book was released on 2019-09-26 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multidimensional assessment of human development is increasingly recognized as playing an important role in assessing well-being. The focus of analysis is on the indicators measuring the three dimensions of Human Development Index (HDI) — standard of living, education and health, and their relationship with public social spending for achieving the 2030 Agenda for Sustainable Development. The study estimates the effects of public social spending on gross national income (GNI) per capita (in PPP in $), expected years of schooling and life expectancy for a sample of 68 countries. The relationship is robust to controlling for a variety of factors and the estimated magnitudes suggest a positive long-run effect of public educational spending on GNI per capita, public educational spending on expected years of schooling, and public health expenditures on life expectancy.

Download or read book Government Expenditure and Economic Growth written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-05-15 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Investing in Human Capital for Economic Development in China written by Gordon G. Liu and published by World Scientific. This book was released on 2010 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Human Capital and Economic Growth written by Alberto Bucci and published by Springer Nature. This book was released on 2019-11-26 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited collection explores the links between human capital (both in the form of health and in the form of education), demographic change, and economic growth. Using empirical as well as theoretical perspectives, the authors investigate several important issues in the context of human capital, namely population ageing, inequality, public policy, and long-term economic development. Ultimately, they demonstrate that the accumulation of human capital is of crucial importance to long-run economic growth.

Download or read book Development Strategies and Social Spending written by Erik Wibbels and published by . This book was released on 2007 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Distributive Justice and Economic Development written by Andrés Solimano and published by University of Michigan Press. This book was released on 2000 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the growth-equity relationship in developing countries

Download or read book Social Spending and Economic Growth in the Sudan an Econometric Perspective written by Hisham Hassan and published by . This book was released on 2017-05-03 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Social Sector Spending Governance and Economic Development written by Ramesh Chandra Das and published by Taylor & Francis. This book was released on 2023-02-20 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Understanding Growth and Poverty written by Raj Nallari and published by World Bank Publications. This book was released on 2011 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an understanding of economic policies for poverty reduction in developing countries. The policy areas include the various roles of government in ensuring the effective operation of a market economy, conducting fiscal policy, and influencing the money supply, exchange rates, and the financial sector.

Download or read book Public Capital Growth and Welfare written by Pierre-Richard Agénor and published by Princeton University Press. This book was released on 2012-12-23 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: A framework for the analysis of public investment in the developing world In the past three decades, developing countries have made significant economic and social progress, from improved infant mortality rates to higher life expectancy. Yet, 1.3 billion people continue to live in extreme poverty in the developing world, leading policymakers to place a renewed emphasis on policies that could promote economic efficiency and the productivity of the poor. How should these policies be sequenced and implemented to spur growth? Would a large, front-loaded increase in public infrastructure investment yield the desired growth-promoting effect? Taking a rigorous look at this kind of investment and its outcomes, this book explores the different channels through which public capital in infrastructure may affect growth and human welfare, and develops a series of formal models for understanding how these channels operate. Bringing together a vast amount of research in one unifying framework, Pierre-Richard Agénor finds that in considering investment in infrastructure, a variety of externalities need to be factored into analytical models and introduced in policy debates. Lack of access to infrastructure not only constrains the expansion of markets and private investment, it may also hinder the achievement of health and education targets. Ease of access, conversely, promotes innovation and empowers women by allowing them to reallocate their time to productive uses. Laying a solid foundation of economic facts and ideas, Public Capital, Growth, and Welfare provides a comprehensive look at the critical role of public capital in development.

Download or read book Delivering on the Promise of Pro poor Growth written by Timothy Besley and published by World Bank Publications. This book was released on 2007 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth is the most important determinant of poverty reduction. But countries with similar rates of growth can experience different poverty reduction rates.