01763cas a2200241 a 4500 AALejournalIMF001127 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843255 1018-5941 BD-DhAAL BD-DhAAL Matovu, John. Composition of Government Expenditure, Human Capital Accumulation, and Welfare / John Matovu. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper uses a dynamic general equilibrium model calibrated to Ugandan data to examine the welfare effects of alternative scenarios of government expenditure and tax financing. Two expenditure types are considered: social spending that affects human capital, and infrastructure expenditures that affect productivity. The paper finds that social expenditures lead to higher economic growth depending on the form of financing; young generations benefit most from social spending financed by consumption taxes; agents do not substitute between human and physical capital as a result of changes in expenditure composition; and improving the productivity of fiscal expenditure is both growth and welfare enhancing. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/015 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/015/001.2000.issue-015-en.xml IMF e-Library