| Publisher | International Monetary Fund | ||
|---|---|---|---|
| Format | 2.5MB PDF | Date added | 01 Nov 2004 |
| Topics | Human Capital Management | ||
| Downloads | 61 | ||
The paper finds that a number of policy interventions could be effective in moving countries toward the MDGs. Both education and health spending have a positive and significant direct impact on the accumulation of education and health capital, and a positive and significant indirect impact on growth. An increase in education spending of 1 percentage point of GDP is associated with 3 more years of schooling on average and a total increase in growth of 1.4 percentage points in 15 years. Similarly, an increase in health spending of 1 percentage point of GDP is associated with an increase of 0.6 percentage points in the under-5 child survival rate and a rise of 0.5 percentage point in annual per capita GDP growth.
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