ERIC Number: ED334639
Record Type: Non-Journal
Publication Date: 1991-Mar
Reference Count: N/A
Public Educational Expenditures in Industrialized Countries: An Analytical Comparison. MacArthur/Spencer Series Number 19.
Educational expenditures in 18 Organisation for Economic Cooperation and Development (OECD) countries for the years 1975 and 1985 are investigated in this report. Data collection is based on analysis of UNESCO's 1989 "Statistical Yearbook" and OECD data. Although data deficiencies allow only a broad assessment, a conclusion is that expenditure per student correlates strongly and positively with GDP (income) per capita. However, an estimate of an expenditure per student function and comparison of "predicted" value with actual observation is recommended as a more appropriate measurement. Finally, the data do not support the view that either substantial under- or over-spending exists in public educational outlays in the United States. Two lessons from the study are: (1) data should be handled with great caution; and (2) there is a need to focus on modeling of public educational expenditures in order to compare observed outlays with fair approximations of desirable levels. Five tables and 28 footnotes are included. The appendices contain data sources, observations on table 1 (a computation of the educational expenditure/GNP ratio), and a comparison of models of K-12 expenditures per student. (16 references) (LMI)
Publication Type: Reports - Research
Education Level: N/A
Sponsor: Spencer Foundation, Chicago, IL.; John D. and Catherine T. MacArthur Foundation, Chicago, IL.
Authoring Institution: Illinois State Univ., Normal. Center for the Study of Educational Finance.