“…3 They also find that education spending has a greater effect on social indicators than health outlays. The positive effect of social spending on social indicators is also supported by Anand and Ravallion (1993), Psacharopoulos (1994), Hojman (1996), Bidani and Ravallion (1997), and Psacharopoulos and Patrinos (2002). At the same time, a number of studies have found insignificant or very weak linkages between public education outlays and education indicators (Noss (1991), Mingat and Tan (1992), and Flug, Spilimbergo, and Wachtenheim (1998).…”