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

 
Author/Editor: Jung, Hong-Sang ; Thorbecke, Erik
 
Publication Date: August 01, 2001
 
Electronic Access: Free Full text (PDF file size is 1,048KB).
Use the free Adobe Acrobat Reader to view this PDF file

 
Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: 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.
 
Series: Working Paper No. 01/106
Subject(s): Government expenditures | Tanzania | Zambia | Human capital | Education | Population | Economic growth | Poverty | Economic models

Author's Keyword(s): Public expenditure | CGE education poverty | Tanzania | Zambia
 
English
Publication Date: August 01, 2001
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA1062001 Pages: 37
Price:
US$15.00 (Academic Rate:
US$15.00 )
 
Price Delivery Note: Prepayment required for individual copies. An annual subscription is $375.00 a year. It includes 12 monthly shipments and priority mail delivery. The Stock No. for the subscription is WPEA.
 
Please address any questions about this title to publications@imf.org