IDEAS home Printed from https://ideas.repec.org/a/fst/rfsisf/v10y2021i6p136-151.html
   My bibliography  Save this article

The influence of financing on results in the pre-university education system

Author

Listed:
  • Gabriella Szekeres (Vancza)

    (The Bucharest University of Economic Studies, Bucharest, Romania)

  • Alina Căldăraru

    (The Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Expenditure on the education system plays a significant role in the economy of the public system. In the accounting of educational institutions, special emphasis is placed on the budgeting process, in which the revenues and expenditures of the entities are found. Despite a large amount of research, specialists do not agree on the role the level of funding plays in the education system and its effect on the results of the final beneficiaries of the system. In this research we tried to observe how the level of funding or average costs per pupil in European education systems influences the results of students in standardized tests. Making an estimate with the help of the linear regression model by the method of the least squares of the correlation between these two variables, we found that there was a positive correlation between them; not exceptionally strong but not negligible either.

Suggested Citation

  • Gabriella Szekeres (Vancza) & Alina Căldăraru, 2021. "The influence of financing on results in the pre-university education system," Journal of Financial Studies, Institute of Financial Studies, vol. 10(6), pages 136-151, May.
    • Handle: RePEc:fst:rfsisf:v:10:y:2021:i:6:p:136-151
    as

    Download full text from publisher

    File URL: https://revista.isfin.ro/wp-content/uploads/2021/05/11.-Gabriella-Szekeres-et-all.pdf
    Download Restriction: no
    File URL: https://revista.isfin.ro/2021/05/26/the-influence-of-financing-on-results-in-the-pre-university-education-system/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Martorell, Paco & Stange, Kevin & McFarlin, Isaac, 2016. "Investing in schools: capital spending, facility conditions, and student achievement," Journal of Public Economics, Elsevier, vol. 140(C), pages 13-29.
    2. Hong, Kai & Zimmer, Ron, 2016. "Does Investing in School Capital Infrastructure Improve Student Achievement?," Economics of Education Review, Elsevier, vol. 53(C), pages 143-158.
    3. Papke, Leslie E., 2005. "The effects of spending on test pass rates: evidence from Michigan," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 821-839, June.
    4. Belmonte, Alessandro & Bove, Vincenzo & D’Inverno, Giovanna & Modica, Marco, 2020. "School infrastructure spending and educational outcomes: Evidence from the 2012 earthquake in Northern Italy," Economics of Education Review, Elsevier, vol. 75(C).
    5. Joshua Hyman, 2017. "Does Money Matter in the Long Run? Effects of School Spending on Educational Attainment," American Economic Journal: Economic Policy, American Economic Association, vol. 9(4), pages 256-280, November.
    6. Paco Martorel & Kevin Stange & Isaac McFarlin Jr., 2016. "Investing in Schools: Capital Spending, Facility Conditions, and Student Achievement (Revised and Edited)," Upjohn Working Papers 16-256, W.E. Upjohn Institute for Employment Research.
    7. Eugenio Anessi-Pessina & Carmela Barbera & Mariafrancesca Sicilia & Ileana Steccolini, 2016. "Public sector budgeting: a European review of accounting and public management journals," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 29(3), pages 491-519, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Enami, Ali & Alm, James & Aranda, Rodrigo, 2021. "Labor versus capital in the provision of public services: Estimating the marginal products of inputs in the production of student outcomes✰," Economics of Education Review, Elsevier, vol. 83(C).
    2. C. Kirabo Jackson, 2018. "Does School Spending Matter? The New Literature on an Old Question," NBER Working Papers 25368, National Bureau of Economic Research, Inc.
    3. Brunner, Eric & Hoen, Ben & Hyman, Joshua, 2022. "School district revenue shocks, resource allocations, and student achievement: Evidence from the universe of U.S. wind energy installations," Journal of Public Economics, Elsevier, vol. 206(C).
    4. María Orduz, 2022. "Effect of educational spending on academic performance under different institutional arrangements," Documentos CEDE 20224, Universidad de los Andes, Facultad de Economía, CEDE.
    5. Stephen Gibbons & Claudia Hupkau & Sandra McNally & Henry G. Overman, 2021. "The Effects of College Capital Projects on Student Outcome," CVER Research Papers 035, Centre for Vocational Education Research.
    6. Francesco Ruggieri, 2023. "Dynamic Regression Discontinuity: A Within-Design Approach," Papers 2307.14203, arXiv.org.
    7. Asma Benhenda, 2020. "The impact of school facility expenditures on pupil attainment," CEPEO Briefing Note Series 10, UCL Centre for Education Policy and Equalising Opportunities, revised Nov 2020.
    8. Wenchi Wei, 2021. "State fiscal constraint and local overrides: a regression discontinuity design estimation of the fiscal effects," Public Choice, Springer, vol. 189(3), pages 347-373, December.
    9. Corey A. DeAngelis & Christian Barnard, 2021. "Effects of Charter School Competition on District School Budgeting Decisions: Experimental Evidence from Texas," Social Science Quarterly, Southwestern Social Science Association, vol. 102(1), pages 523-546, January.
    10. Conlin, Michael & Thompson, Paul N., 2017. "Impacts of new school facility construction: An analysis of a state-financed capital subsidy program in Ohio," Economics of Education Review, Elsevier, vol. 59(C), pages 13-28.
    11. Abott, Carolyn & Kogan, Vladimir & Lavertu, Stéphane & Peskowitz, Zachary, 2020. "School district operational spending and student outcomes: Evidence from tax elections in seven states," Journal of Public Economics, Elsevier, vol. 183(C).
    12. Belmonte, Alessandro & Bove, Vincenzo & D’Inverno, Giovanna & Modica, Marco, 2020. "School infrastructure spending and educational outcomes: Evidence from the 2012 earthquake in Northern Italy," Economics of Education Review, Elsevier, vol. 75(C).
    13. Joseph Marchand & Jeremy G. Weber, 2020. "How Local Economic Conditions Affect School Finances, Teacher Quality, and Student Achievement: Evidence from the Texas Shale Boom," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 39(1), pages 36-63, January.
    14. Eric Brunner & Joshua Hyman & Andrew Ju, 2020. "School Finance Reforms, Teachers' Unions, and the Allocation of School Resources," The Review of Economics and Statistics, MIT Press, vol. 102(3), pages 473-489, July.
    15. Alessandro Belmonte & Vincenzo Bove & Giovanna D'Inverno & Marco Modica, 2017. "School Infrastructure Spending and Educational Outcomes in Northern Italy," Working Papers of LEER - Leuven Economics of Education Research 617760, KU Leuven, Faculty of Economics and Business (FEB), LEER - Leuven Economics of Education Research.
    16. Naven, Matthew, 2019. "Human-Capital Formation During Childhood and Adolescence: Evidence from School Quality and Postsecondary Success in California," MPRA Paper 97716, University Library of Munich, Germany.
    17. Biasi, Barbara & Lafortune, Julien & Schönholzer, David, 2024. "What Works and for Whom? Effectiveness and Efficiency of School Capital Investments across the U.S," IZA Discussion Papers 16713, Institute of Labor Economics (IZA).
    18. Felipe M. Goncalves, 2015. "The Effects of School Construction on Student and District Outcomes: Evidence from a State-Funded Program in Ohio," Working Papers 593, Princeton University, Department of Economics, Industrial Relations Section..
    19. Caterina Pavese & Enrico Rubolino, 2022. "Austerity Harmed Student Achievement," Cahiers de Recherches Economiques du Département d'économie 22.09, Université de Lausanne, Faculté des HEC, Département d’économie.
    20. D’Jamila Garcia & Francisco Simões & Leonor Bettencourt & Cecília Aguiar & Inês Alves Ferreira & Joana Mendonça & Carla Moleiro & Antonella Rocca & Vladislava Lendzhova, 2023. "Predictors of Secondary Education Completion across Portuguese Municipalities: Evidence from the 2009–2018 Period," Societies, MDPI, vol. 13(9), pages 1-17, August.

    More about this item

    Keywords

    Public expenditures; public accounting; funding for the education system; costs per student; PISA test;
    All these keywords.

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance
    • P44 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - National Income, Product, and Expenditure; Money; Inflation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fst:rfsisf:v:10:y:2021:i:6:p:136-151. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cosmin Catalin Olteanu (email available below). General contact details of provider: https://edirc.repec.org/data/isfinro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.