Reallocation of Public Sector Resources

Keith Griffin and Terry McKinley
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Keith Griffin: University of California
Terry McKinley: American University

Chapter 3 in Implementing a Human Development Strategy, 1994, pp 32-65 from Palgrave Macmillan

Abstract: Abstract The structure of incentives generates the signals that guide the allocation of resources and influence the division of investment among natural, physical and human capital. The structure of incentives cannot, however, determine the speed of response — the elasticity of supply — to economic opportunities. That depends on other things: initial conditions, institutional arrangements, the capabilities of people and government initiatives. In this chapter we shall focus on the role of government and in particular on the way government expenditure can contribute to human development.

Keywords: Human Development; Primary Health Care; Primary Education; Public Expenditure; State Enterprise (search for similar items in EconPapers)
Date: 1994
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DOI: 10.1007/978-1-349-23543-8_3

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