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The Effects of Funding on Student Performance: Findings from PISA 2018

Author

Listed:
  • Gabriella Szekeres (Vancza)
  • Alina Caldararu
  • Mihai Paunica

    (Bucharest University of Economic Studies)

Abstract

Research Question - Is there a link between the investment in human capital, measured by the average gross salary in the pre-university education system and the student-teacher ratio together with the results obtained by students in tests? Motivation - In any society, the work done by man to obtain results is always present. Human capital in the economic and accounting context cannot be dissociated from its cost, and in the public system, it acquires an even greater influence. The role of human capital and implicitly its cost in the public expenditure system represents the largest part, and its significance is accentuated in education. Idea - The authors of this paper tried to see if investing in human capital has positive consequences on the outcome of the pre-university education system. Data - Research data were collected from the OECD (Organization for Economic Co-operation and Development) website Tools - The research was performed by quantitative methods using the least squares regression equation. The hypotheses tested by the authors were the existence of a relevant positive or negative correlation between the indicators presented. Findings - Following the analysis, found that there was a positive correlation between the salary level indicators and the average score obtained in tests, and a negative correlation between the number of students per teacher and test results. Contribution - This paper contributes to research in the field on the effects of decisions regarding funding and pay policy for pre-university education using the results obtained by students in standardized tests. Therefore, this research is part of a larger research project that shows that the level of funding is correlated with the results of students measured by tests in pre-university education.

Suggested Citation

  • Gabriella Szekeres (Vancza) & Alina Caldararu & Mihai Paunica, 2021. "The Effects of Funding on Student Performance: Findings from PISA 2018," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 20(4), pages 670-696, December.
    • Handle: RePEc:ami:journl:v:20:y:2021:i:4:p:670-696
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    More about this item

    Keywords

    salary costs in the education system; PISA tests; number of students per teacher; financing in education;
    All these keywords.

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • P44 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - National Income, Product, and Expenditure; Money; Inflation
    • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • 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
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare

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