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Latin America and the Caribbean’s Challenge to Reach the MDGs: Financing Options and Trade-offs

Author

Listed:
  • Rob Vos
  • Marco V. Sánchez
  • Cornelia Kaldewei

Abstract

The present study analyzes the determinants of improving outcomes in education, health and basic sanitation and the macroeconomic trade-offs caused by scaling up public spending for the Millennium Development Goals (MDGs), using an integrated modelling approach. At variance with other assessments, the analysis shows that most countries in Latin America and the Caribbean are “off track” towards many of the goals. The study shows that while achieving the goals is affordable for most countries in the region, governments will need to put greater emphasis on tax reforms to mobilize resources for increased social spending while avoiding undesirable macroeconomic trade-offs.

Suggested Citation

  • Rob Vos & Marco V. Sánchez & Cornelia Kaldewei, 2008. "Latin America and the Caribbean’s Challenge to Reach the MDGs: Financing Options and Trade-offs," Working Papers 68, United Nations, Department of Economics and Social Affairs.
  • Handle: RePEc:une:wpaper:68
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    File URL: http://www.un.org/esa/desa/papers/2008/wp68_2008.pdf
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    References listed on IDEAS

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    1. Escaith, Hubert & Inoue, Keiji, 2001. "Small economies' tariff and subsidy policies in the face of trade liberalization of the Americas," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34828, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Pierre-Richard Agénor, 1996. "The Labor Market and Economic Adjustment," IMF Staff Papers, Palgrave Macmillan, vol. 43(2), pages 261-335, June.
    3. François Bourguignon & Mark Sundberg, 2006. "Constraints to Achieving the MDGs with Scaled-Up Aid," Working Papers 15, United Nations, Department of Economics and Social Affairs.
    4. Francisco Rodríguez, 2006. "Have Collapses in Infrastructure Spending Led to Cross-Country Divergence in per Capita GDP?," Wesleyan Economics Working Papers 2006-013, Wesleyan University, Department of Economics.
    5. Paul Glewwe, 2002. "Schools and Skills in Developing Countries: Education Policies and Socioeconomic Outcomes," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 436-482, June.
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    Cited by:

    1. -, 2008. "Millennium development goals: progress towards the right to health in Latin america and the Caribbean," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2919 edited by Eclac, May.

    More about this item

    Keywords

    Computable General Equilibrium Models; Distribution; Welfare and Poverty; Foreign Aid; Macroeconomic Analyses of Economic Development;

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D3 - Microeconomics - - Distribution
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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