Public Policy Failure and Millennium Development Goals in Africa.

      Аннотация: Based on a panel of 50 African countries from 1970 to 2015, this study analyzes the impact of public investments and spending in education and health sectors on GDP per capita growth. I separately modeled for education and health capital, while controlling for governance and demonstrated the importance of investments and expenditures on human capital in countries production capacity accumulation, which in the long run leads sustainable economic growth. Results show a positive relationship between spending in those sectors and the per capita income growth and prove their importance on the continents’ combat against poverty.

Ключевые слова: Macro policy, Public Policy Failure, Millennium Development Goals, Africa