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Social Sector Spending, Governance and Economic Development

Social Sector Spending, Governance and Economic Development
Author: Ramesh Chandra Das
Publisher: Taylor & Francis
Total Pages: 277
Release: 2023-02-20
Genre: Business & Economics
ISBN: 1000837386

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Economic development depends heavily on the growth of social sectors like education, healthcare, gender equality, as well as factors like income, consumption, investment and trade. This book examines the interlinkages between development, good governance and spending on social growth. The book focuses on different areas of social growth, public welfare and poverty reduction including managing human resources, corruption in public institutions and public spaces as well as health and welfare measures. The chapters in the volume highlight the role of government interventions in boosting human development – particularly in developing countries in Asia and Africa and many developed countries in the post-COVID scenario. The book also examines the foundations of government spending on development and effective governance while underlining the impact which social growth has on the economy. Rich in theoretical and empirical perspectives, this book will be useful for students and researchers of economics, sociology, political studies, public finance, development studies as well as for policymakers and think tanks working in the areas of human development.


Social Sector Development and Governance

Social Sector Development and Governance
Author: Ramesh Chandra Das
Publisher: Taylor & Francis
Total Pages: 319
Release: 2023-06-28
Genre: Business & Economics
ISBN: 1000892301

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This volume explores the impact of good governance upon social sectors’ development in India and other selected economies of the world. Economic development in the true sense depends on the development of different social sectors like education, healthcare, gender equality, etc., as well as economic factors. Good governance makes the sectors perform well on the one hand, and helps in economic growth and development on the other. Conversely, bad or weak governance in the form of corruption and low effectiveness of the governments, may lead to poor performance of the sectors, and low growth and backwardness of the economies. This book explores the associations between different social sectors’ performances with quality of governance, and growth and development of different economies and groups in detail and establishes theoretical and empirical examinations for the individual economies and groups from the different corners of the globe with the help of new theories and latest data. This book will be useful for students and researchers in the fields of Economics, Sociology, Political Studies, Public Finance, International Relations, Social Sciences as well as policy makers and think tanks.


Social Sector in India

Social Sector in India
Author: Padmaja Mishra
Publisher: Cambridge Scholars Publishing
Total Pages: 270
Release: 2015-10-13
Genre: Social Science
ISBN: 1443884839

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As education and health are two major areas of concern in the context of social sector development and human development achievements, this book explores their situation in India. The liberalisation of the Indian economy had a major impact on the growth rate of its Gross Domestic Product (GDP), with the economic growth of the country jumping from the so-called Hindu growth rate of 3.5% to 8–9% per annum. The literacy rate increased to 74.04% in 2011 from 12% in 1947, while the universalization of elementary education has been achieved to a great extent, and dropout rates have decreased. However, despite considerable progress, exclusions and wide disparities still exist. Combining access with affordability and ensuring quality with good governance and adequate finance are still of great concern. On the health front, significant achievements have also been made, with a number of diseases eradicated or on the verge of elimination. There has been a substantial drop in the Total Fertility Rate (TFR) and Infant Mortality Rate (IMR), and life expectancy has increased from 36.7 years in 1951 to 67.14 in 2011. The crude birth rate has been reduced from 40.8 in 1951 to 20.6 in 2012, and the crude death rate from 25.1 to 7.43 in the same period. These achievements are impressive, but at the same time our failures appear even more glaring. As such, this volume brings together contributions from eminent Indian scholars on a range of social issues, including linkages between growth, poverty and the social sector; the efficiency of social sector spending in India; disparity in health statuses; IPR protection in health innovations; pollution and health; the universalisation of elementary education; problems faced at the higher levels of education; and issues of child labour.


Social Spending, Human Capital, and Growth in Developing Countries: Implications for Achieving the MDGs

Social Spending, Human Capital, and Growth in Developing Countries: Implications for Achieving the MDGs
Author: Qiang Cui
Publisher: INTERNATIONAL MONETARY FUND
Total Pages: 39
Release: 2004-11-01
Genre:
ISBN: 9781451875140

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Using panel data from 120 developing countries from 1975 to 2000, this paper explores the direct and indirect channels linking social spending, human capital, and growth in a system of equations. The paper finds that both education and health spending have a positive and significant direct impact on the accumulation of education and health capital, and thus can lead to higher economic growth. The paper also finds that other policy interventions, such as improving governance, reducing excessive budget deficits, and taming inflation, can also be helpful in moving countries toward the Millennium Development Goals (MDGs). As such, higher spending alone is not sufficient to achieve the MDGs.


Social Spending, Human Capital, and Growth in Developing Countries

Social Spending, Human Capital, and Growth in Developing Countries
Author: Emanuele Baldacci
Publisher:
Total Pages: 40
Release: 2015
Genre:
ISBN:

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Using panel data from 120 developing countries from 1975 to 2000, this paper explores the direct and indirect channels linking social spending, human capital, and growth in a system of equations. The paper finds that both education and health spending have a positive and significant direct impact on the accumulation of education and health capital, and thus canlead to higher economic growth. The paper also finds that other policy interventions, such as improving governance, reducing excessive budget deficits, and taming inflation, can also be helpful in moving countries toward the Millennium Development Goals (MDGs). As such, higher spending alone is not sufficient to achieve the MDGs.


Public Expenditure Handbook

Public Expenditure Handbook
Author: Mr.Ke-young Chu
Publisher: International Monetary Fund
Total Pages: 196
Release: 1991-09-15
Genre: Business & Economics
ISBN: 9781557752222

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This handbook, edited by Ke-young Chu and Richard Hemming, offers guidance to officials formulating public policy recommendations, so that the aggregate level of public spending conforms with the economy's overall resource capacity. The handbook looks at the impact of public spending on the efficiency of resource use and explores the basis for distinguishing between productive and unproductive spending.


Social Sector Spending in a Panel of Countries

Social Sector Spending in a Panel of Countries
Author: Reza Baqir
Publisher: International Monetary Fund
Total Pages: 58
Release: 2002-02
Genre: Business & Economics
ISBN:

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This paper presents evidence on the political and economic determinants of social sector spending from a panel dataset. The principal finding is that democratization in countries, as measured by within-country variation in subjective indices of democracy, is a significant predictor of government spending on education and health. The relationship is robust to controlling for a variety of factors and the estimated magnitudes suggest that an increase from the lowest to the highest rating for democracy for a country is associated with approximately 1 percent more central government spending and 3 percent more general government spending in social sectors, as a percent of GDP.


The Macroeconomics of Corruption

The Macroeconomics of Corruption
Author: Maksym Ivanyna
Publisher: Springer Nature
Total Pages: 353
Release: 2021-04-20
Genre: Business & Economics
ISBN: 3030675572

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This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy. It merges macroeconomic growth models with elements of political economic theory to address important applied topics such as income inequality within and across countries, growth slowdowns, and fiscal crises. Revised and updated to include new research findings and recent policy discussions, the second edition contains 15 new sections and 2 new chapters on topics such as public defaults, the wage elasticity of work and the interest elasticity of saving, and the economic and fiscal impact of the 2020 pandemic. Most of the basic ideas are illustrated using a two-period model of government investment that captures the future cost of policies that favor the present. The more subtle and advanced issues are illustrated and, in some cases, quantified, using the overlapping-generations model of economic growth. The models used to illustrate the mechanisms of economic growth are extended to incorporate politics and the behavior of public official. The text concludes with a thorough discussion of policy reforms designed to address the issues discussed in earlier chapters. Intended for students familiar with intermediate-level economics, the second edition contains a technical appendix, expanded end-of-chapter questions and problems, and a complete solutions manual. The second edition also offers updated resources for instructors, including sample syllabi and over 550 multiple choice questions. Offering a unified explanation for the causes and consequences of government failure, fiscal crisis, and needed policy reforms, this text is appropriate for advanced undergraduate and beginning graduate courses in macroeconomics, political economy, and public policy.


The Efficiency of Government Expenditure

The Efficiency of Government Expenditure
Author: Ms.Keiko Honjo
Publisher: International Monetary Fund
Total Pages: 61
Release: 1997-11-01
Genre: Business & Economics
ISBN: 145192240X

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This paper assesses the efficiency of government expenditure on education and health in 38 countries in Africa in 1984-95, both in relation to each other and compared with countries in Asia and the Western Hemisphere. The results show that, on average, countries in Africa are less efficient than countries in Asia and the Western Hemisphere; however, education and health spending in Africa became more efficient during that period. The assessment further suggests that improvements in educational attainment and health output in African countries require more than just higher budgetary allocations.


Government Expenditure and Economic Growth

Government Expenditure and Economic Growth
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 30
Release: 1989-05-15
Genre: Business & Economics
ISBN: 1451974159

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This paper examines the empirical evidence on the contribution that government and, in particular, capital expenditure make to the growth performance of a sample of developing countries. Using the Denison growth accounting approach, this study finds that social expenditures may have a significant impact on growth in the short run, but infrastructure expenditures may have little influence. While current expenditures for directly productive purposes may exert a positive influence, capital expenditure in these sectors appears to exert a negative influence. Experiments with other explanatory variables confirm the importance of the growth of exports to the overall growth rate.