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More on the Effectiveness of Public Spending on Health Care and Education: A Covariance Structure Model

Author/Editor: Baldacci, Emanuele | Guin-Siu, Maria Teresa | de Mello, Luiz
Authorized for Distribution: May 1, 2002
Electronic Access: Free Full Text (PDF file size is 997KB)
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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: Using data for a sample of developing and transition countries, this paper estimates the relationship between government spending on health care and education, and social indicators. Unlike previous studies, where social indicators are used as proxies for the unobservable health and education status of the population, this paper estimates a latent variable model. The findings suggest that public social spending is an important determinant of social indicators, particularly in the education sector. Overall, the latent variable approach was found to yield more adequate estimates of social production functions, with larger elasticities of social indicators with respect to income and spending on education than the traditional approach, providing stronger evidence that increases in public spending have a positive impact on social indicators. The study also finds that the millennium goal of universal primary education enrollment by 2015 could be achieved through an increase by one-third, on average, in education spending.
 
Series: Working Paper No. 02/90
Subject(s): Government expenditures | Social policy | Education | Health care | Economic models
Author's keyword(s): Covariance structure models | social spending | social indicators
 
English  
    Published:   May 1, 2002        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA0902002   Pages:   32
    Price:   US$15.00
       
     
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