The analysis of the optimal funding of education is complicated by the numerous and serious market failures which are likely to characterize a free market for education. Prominent amongst these are the likely external benefits of education, stressed by some new economic growth models.
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Paper provided by World Institute for Development Economics Research in its series Research Paper with number
134.
Length: 48 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:wodeec:134
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