TY  - BOOK
ED  - International Monetary Fund.
TI  - Moreon the Effectiveness of Public Spendingon Health Care and Education: A Covariance Structure Model
T2  - IMF Working Papers; Working Paper
SN  - 1451851405 :
SN  - 1018-5941
PY  - 2002///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Analysis of Education
KW  - imf
KW  - Covariance Structure Models
KW  - Enrollment Rate
KW  - General Welfare
KW  - Health Care
KW  - Health Production
KW  - Bhutan
KW  - Bulgaria
KW  - Central African Republic
KW  - Iran, Islamic Republic of
KW  - Saint Vincent and the Grenadines
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/04763-9781451851403/04763-9781451851403/04763-9781451851403.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451851403
ER  -