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Supplying and Financing Education: Options and Trends under Growing Fiscal Restraints

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Merits and Limits of Markets

Part of the book series: Publications of the Egon-Sohmen-Foundation ((EGON-SOHMEN))

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Abstract

Research currently demonstrates that the supply of schooling in both developed and developing countries continues to be, on average, seriously inefficient. The problem is now accentuated by widespread fiscal constraints caused especially by government deficits. The pervasiveness of the inefficiency is usually demonstrated with figures showing growing public expenditure on schooling per head at a time when student achievement is stagnant or even in decline. This phenomenon will be taken as a point of departure in this paper, which will subsequently concentrate on trends and innovations in the finance of education that attempt to combat the inefficiencies.

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Authors
  1. Edwin G. West
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Editors and Affiliations

  1. Kiel Institute of World Economics, Düsternbrooker Weg 120, D-24105, Kiel, Germany

    Herbert Giersch (Past President) (Past President)

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© 1998 Springer-Verlag Berlin Heidelberg

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West, E.G. (1998). Supplying and Financing Education: Options and Trends under Growing Fiscal Restraints. In: Giersch, H. (eds) Merits and Limits of Markets. Publications of the Egon-Sohmen-Foundation. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-72210-3_7

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  • DOI: https://doi.org/10.1007/978-3-642-72210-3_7

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-72212-7

  • Online ISBN: 978-3-642-72210-3

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