Social Spending, Human Capital, and Growth in Developing Countries : Implications for Achieving the MDGs /

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...

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Bibliographic Details
Main Author: Baldacci, Emanuele
Other Authors: Clements, Benedict, Cui, Larry, Gupta, Sanjeev
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2004.
Series:IMF Working Papers; Working Paper ; No. 2004/217
Online Access:Full text available on IMF