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Educational efficiency: value for money in public spending on schools


  • Peter Dolton
  • Oscar Marcenaro Gutierrez
  • Adam Still


Which national education systems deliver the best value for money? Peter Dolton and colleagues rank 30 of the world's richest countries based on their expenditure on teacher costs (which account for 80% of education budgets) and the pupil outcomes they achieve. Finland, South Korea and the Czech Republic come out top of the list.

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  • Peter Dolton & Oscar Marcenaro Gutierrez & Adam Still, 2015. "Educational efficiency: value for money in public spending on schools," CentrePiece - The Magazine for Economic Performance 441, Centre for Economic Performance, LSE.
  • Handle: RePEc:cep:cepcnp:441

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    Education; policy; funding; quality measures; educational efficiency;

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