IMF Working Papers

Multiple Dimensions of Human Development Index and Public Social Spending for Sustainable Development

By Iana Paliova, Robert McNown, Grant Nülle

September 26, 2019

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Iana Paliova, Robert McNown, and Grant Nülle. Multiple Dimensions of Human Development Index and Public Social Spending for Sustainable Development, (USA: International Monetary Fund, 2019) accessed November 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Multidimensional assessment of human development is increasingly recognized as playing an important role in assessing well-being. The focus of analysis is on the indicators measuring the three dimensions of Human Development Index (HDI) — standard of living, education and health, and their relationship with public social spending for achieving the 2030 Agenda for Sustainable Development. The study estimates the effects of public social spending on gross national income (GNI) per capita (in PPP in $), expected years of schooling and life expectancy for a sample of 68 countries. The relationship is robust to controlling for a variety of factors and the estimated magnitudes suggest a positive long-run effect of public educational spending on GNI per capita, public educational spending on expected years of schooling, and public health expenditures on life expectancy.

Subject: Econometric analysis, Education, Expenditure, Health, Health care spending, Logit models

Keywords: Asia and Pacific, Dependent variable, East Africa, Effects OLS, Explanatory variable, GNI, HDI level, Health care spending, Human Development, Lagged dependent variable, Logit models, Middle East, North Africa, Public education expenditure, Public Expenditure, Public health expenditure, Social spending, Spending, Sub-Saharan Africa, Total population, Well-being, WP

Publication Details

  • Pages:

    42

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2019/204

  • Stock No:

    WPIEA2019204

  • ISBN:

    9781513511924

  • ISSN:

    1018-5941

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