Competition and Resource Effectiveness in Education
AbstractThis paper examines the impact of competition in the markets for teachers and for housing on the long-standing issue of the influence of school resourcing on educational attainment. The existence of such competition is found to imply not only downward bias in many earlier empirical estimates of the role of resources in the educational production function, but also powerful general equilibrium effects, especially for the impact of relative levels of school resources upon the distribution of relative levels of educational attainment across individual schools, that highlight the importance of how resources are distributed across individual schools. The paper derives optimal resource allocation rules for distributing government educational budgets across individual schools and examines the properties of the associated funding formulae.
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Bibliographic InfoPaper provided by Department of Economics, University of York in its series Discussion Papers with number 06/05.
Date of creation: Feb 2006
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Postal: Department of Economics and Related Studies, University of York, York, YO10 5DD, United Kingdom
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Other versions of this item:
- David Mayston, 2007. "Competition And Resource Effectiveness In Education," Manchester School, University of Manchester, vol. 75(1), pages 47-64, 01.
- NEP-ALL-2006-02-26 (All new papers)
- NEP-COM-2006-02-26 (Industrial Competition)
- NEP-EDU-2006-02-26 (Education)
- NEP-URE-2006-02-26 (Urban & Real Estate Economics)
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