TY - BOOK ID - 84541278 TI - The Impact of Public Education Expenditure on Human Capital, Growth, and Poverty in Tanzania and Zambia : A General Equilibrium Approach AU - Thorbecke, Erik. AU - Jung, Hong-Sang. PY - 2001 SN - 1462327737 1452787573 1281430560 9786613780416 145189855X PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor KW - Macroeconomics KW - Public Finance KW - National Government Expenditures and Education KW - Demand and Supply of Labor: General KW - Wages, Compensation, and Labor Costs: General KW - Labor Economics: General KW - Education: General KW - Labour KW - income economics KW - Public finance & taxation KW - Education KW - Education spending KW - Labor supply KW - Wages KW - Expenditure KW - Expenditures, Public KW - Labor market KW - Labor economics KW - Zambia KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541278 AB - 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. ER -