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The Impact of Public Expenditures in Education, Health, and Infrastructure on Economic Growth and Income Distribution in Peru

Author

Listed:
  • Mesones, Jorge A.
  • Peschiera Cassinelli, Jorge R.
  • Baca Campodónico, Jorge F.

Abstract

The Peruvian economy has exhibited remarkable growth in the past 20 years. Good tax and monetary policies, along with comprehensive structural adjustment, which has attracted substantial foreign investment, are regarded as the pillars of this success. Notwithstanding the advances experienced on reducing poverty, lowering inequality and unemployment continue to be elusive targets for the Peruvian government and constitute main causes of social unrest. This paper assesses the impact of Peruvian public expenditures in education, health, and infrastructure on economic growth, poverty, and income distribution in the past 20 years using a Dynamic Computable General Equilibrium Model (DCGEM), which is an economy-wide model that describes the behavior of producers and consumers and the linkages among them.

Suggested Citation

  • Mesones, Jorge A. & Peschiera Cassinelli, Jorge R. & Baca Campodónico, Jorge F., 2014. "The Impact of Public Expenditures in Education, Health, and Infrastructure on Economic Growth and Income Distribution in Peru," IDB Publications (Working Papers) 6051, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:6051
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    References listed on IDEAS

    as
    1. Burfisher,Mary E., 2011. "Introduction to Computable General Equilibrium Models," Cambridge Books, Cambridge University Press, number 9780521766968, December.
    2. Burfisher,Mary E., 2011. "Introduction to Computable General Equilibrium Models," Cambridge Books, Cambridge University Press, number 9780521139779, December.
    3. World Bank, 2001. "Peruvian Education at a Crossroads : Challenges and Opportunities for the 21st Century," World Bank Publications - Books, The World Bank Group, number 13948.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Computable general equilibrium models; public expenditures; health; education; infrastructure;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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