Journal
JOURNAL OF POLICY MODELING
Volume 25, Issue 8, Pages 701-725Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/S0161-8938(03)00060-7
Keywords
public expenditure; CGE; education; poverty; Tanzania; Zambia
Categories
Ask authors/readers for more resources
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. (C) 2003 Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available