Front Matter Page
Fiscal Affairs Department
Contents
I. Introduction
II. Literature Review
III. Data and Model
A. Methodology
B. Data
IV. Empirical Results
A. Main Results
B. Robustness Checks
V. Simulation of the Impact of Policy Interventions and Implications for the MDGs
VI. Conclusion and Policy Implications
References
Tables
1. Summary Descriptive Statistics
2. Growth Equation-Dependent Variable: Average Real Per Capita GDP Growth
3. Investment Equation-Dependent Variable: Average Annual Investment Ratio
4. Education Equation-Dependent Variable: Average Composite Enrollment Rate
5. Health Equation-Dependent Variable: Average Annual Under-5 Child Mortality Rate
6. Summary of Total Effect Coefficients by Country Group
7. Simulation on the Impact on Growth and Social Indicators from Various Policy Interventions
Appendixes
I. Derivation of the Growth Equation with Human Capital
II. List of Countries Included in the Sample and Data Sources
Appendix Tables
8. Short-Run Total Effects Decomposition: Selected Endogenous Variables
9. Short-Run Total Effects Decomposition: Selected Exogenous Variables