Traditional public schools versus charter schools: a comparison of technical efficiency
AbstractThis paper addresses the now famous question of “Does Money Matter?” in public education. While the general consensus is that additional expenditures may improve educational outcomes, this is by no means a guarantee. Indeed, some studies indicate that a school's resources are not an important determinant of student performance. As Adkins and Moomaw (2003) suggest, the true relationship between resources and performance may become more apparent in a better specified model accounting for technical inefficiency. Along these lines, we attempt to measure the technical efficiency gains of charter schools over traditional public schools using a stochastic frontier production model.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 9 (2007)
Issue (Month): 9 ()
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- George M. Holmes & Jeff DeSimone & Nicholas G. Rupp, 2003.
"Does School Choice Increase School Quality?,"
NBER Working Papers
9683, National Bureau of Economic Research, Inc.
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- Adkins, Lee C. & Moomaw, Ronald L., 2003. "The impact of local funding on the technical efficiency of Oklahoma schools," Economics Letters, Elsevier, vol. 81(1), pages 31-37, October.
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- Caroline M. Hoxby, 2003. "The Economics of School Choice," NBER Books, National Bureau of Economic Research, Inc, number hox03-1, May.
- Battese, G E & Coelli, T J, 1995. "A Model for Technical Inefficiency Effects in a Stochastic Frontier Production Function for Panel Data," Empirical Economics, Springer, vol. 20(2), pages 325-32.
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