Fiscal policy on public social spending and human development in Arab countries

This paper assesses whether public social spending has a direct and positive impact on human development dimensions, including growth, mean years of education and life expectancy. Impact multipliers of social expenditure on growth, and impact coefficients of health and education expenditure on respective achievements were estimated. A dynamic panel-estimation is modeled separately for health and education impact coefficients, using least square dummy variable bias corrected (LSDVC) fixed effects, and a two-step generalized method of moments (2S-GMM), while controlling for governance, corruption, and non-linearity.

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