Moreon the Effectiveness of Public Spendingon Health Care and Education : A Covariance Structure Model
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
Year of publication: |
2002
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Institutions: | International Monetary Fund ; International Monetary Fund (contributor) |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | Korrelation | Correlation | Gesundheitskosten | Health care costs | Bildungsfinanzierung | Education finance | Entwicklungsländer | Developing countries | Sozialer Indikator | Social indicator | Theorie | Theory | Gesundheitswesen | Health care system | Systemtransformation | Economic transition |
Saved in:
freely available
Extent: | Online-Ressource (32 p) |
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Series: | IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. Working Paper No. 02/90 |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Arbeitspapier ; Working Paper |
Language: | English |
ISBN: | 1-4518-5140-5 ; 978-1-4518-5140-3 |
Other identifiers: | 10.5089/9781451851403.001 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014399239
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