This research explores the school funding system in post-Soviet Georgia. The research aimed to answer the following research questions: (1) Does the voucher system promote cost effectiveness, and does increased funding improve the academic achievements of schools?; (2) To what extent does the school voucher funding system promote freedom of school…

This article reviews evidence from four international student achievement tests on the effects on student performance of competition from privately managed schools, schools' freedom to make autonomous decisions, and accountability introduced by external exit exams. The multivariate cross-country regressions are performed at the level of individual…