The Impact of Public Education Expenditure on Human Capital, Growth, and Poverty in Tanzania and Zambia : A General Equilibrium Approach /

The impact of public education expenditure on human capital, the supply of different labor skills, and its macroeconomic and distributional consequences is appraised within a multisector CGE model. The model is applied to and calibrated for two Heavily Indebted Poor Countries (HIPCs), Tanzania and Z...

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Bibliographic Details
Main Author: Thorbecke, Erik
Other Authors: Jung, Hong-Sang
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2001.
Series:IMF Working Papers; Working Paper ; No. 2001/106
Online Access:Full text available on IMF
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245 1 4 |a The Impact of Public Education Expenditure on Human Capital, Growth, and Poverty in Tanzania and Zambia :   |b A General Equilibrium Approach /  |c Erik Thorbecke, Hong-Sang Jung. 
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300 |a 1 online resource (37 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The impact of public education expenditure on human capital, the supply of different labor skills, and its macroeconomic and distributional consequences is appraised within a multisector CGE model. The model is applied to and calibrated for two Heavily Indebted Poor Countries (HIPCs), Tanzania and Zambia. The simulation results suggest that education expenditure can raise economic growth. However, to maximize benefits from education expenditure, a sufficiently high level of physical investment is needed, as are measures that improve the match between the pattern of educational output and the structure of effective demand for labor. An important result of the simulation experiments is that a well-targeted pattern of education expenditure can be effective for poverty alleviation. 
538 |a Mode of access: Internet 
700 1 |a Jung, Hong-Sang. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2001/106 
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