Social Spending, Human Capital, and Growth in Developing Countries : Implications for Achieving the MDGs »
Series: IMF Working Papers
Author(s): Emanuele Baldacci , Larry Cui , Benedict Clements , and Sanjeev Gupta
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2004
Keywords: Social Spending, MDGs, equation, child mortality, equations, child survival, mortality rate,
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 th...