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Econometric Issues in Education Finance

Author

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  • Ajilore, Olugbenga

    (U Toledo)

Abstract

Several econometric issues within the field of education finance that have not been fully explored to date are addressed. Focusing on demographic factors and per-pupil expenditures in the United States, an econometric model that incorporates spatial analysis is developed and a unique framework for analyzing the impact of demographics on local public demand is introduced. The results show that ethnic diversity has a negative impact on per-pupil spending, while the elderly have a positive impact.

Suggested Citation

  • Ajilore, Olugbenga, 2006. "Econometric Issues in Education Finance," The Review of Regional Studies, Southern Regional Science Association, vol. 36(2), pages 192-204.
  • Handle: RePEc:rre:publsh:v:36:y:2006:i:2:p:192-204
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    References listed on IDEAS

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    1. Christopher F Baum & Mark E. Schaffer & Steven Stillman, 2003. "Instrumental variables and GMM: Estimation and testing," Stata Journal, StataCorp LP, vol. 3(1), pages 1-31, March.
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    7. David M. Brasington, 1999. "Which Measures of School Quality Does the Housing Market Value?," Journal of Real Estate Research, American Real Estate Society, vol. 18(3), pages 395-414.
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    More about this item

    Keywords

    Education Finance; Education; Spatial;

    JEL classification:

    • 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
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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