Traditional public schools versus charter schools: a comparison of technical efficiency
This 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.
Volume (Year): 9 (2007)
Issue (Month): 9 ()
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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.
- Caroline Minter Hoxby, 2003. "Introduction to "The Economics of School Choice"," NBER Chapters, in: The Economics of School Choice, pages 1-22 National Bureau of Economic Research, Inc.
- Caroline M. Hoxby, 2003. "The Economics of School Choice," NBER Books, National Bureau of Economic Research, Inc, number hox03-1.
- John Ruggiero & Donald F. Vitaliano, 1999. "Assessing The Efficiency Of Public Schools Using Data Envelopment Analysis And Frontier Regression," Contemporary Economic Policy, Western Economic Association International, vol. 17(3), pages 321-331, 07.
- Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
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