Social spending, human capital, and growth in developing countries

被引：170

作者：

Baldacci, Emanuele ^{[1
]}

Clements, Benedict ^{[1
]}

Gupta, Sanjeev ^{[1
]}

Cui, Qiang ^{[1
]}

机构：

[1] Int Monetary Fund, Washington, DC 20431 USA

来源：

WORLD DEVELOPMENT | 2008年 / 36卷 / 08期

关键词：

economic growth; human capital; social spending; MDGs;

D O I：

10.1016/j.worlddev.2007.08.003

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

Using panel data from 118 developing countries in 1971-2000, this paper explores the channels linking social spending, human capital, and growth and compares the effects of alternative economic policy interventions. With separate modeling for education and health capital, explicit control for governance, and incorporation of nonlinearity, the paper finds that both education and health spending have a positive and significant impact on education and health capital, and thus Support higher growth. Also, other policy interventions, such as improving governance and taming inflation, can achieve similar results. Hence, higher spending alone is likely insufficient to achieve the Millennium Development Goals. (C) 2008 Elsevier Ltd. All rights reserved.

引用

页码：1317 / 1341

页数：25

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[61] Wealthier is healthier [J].