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This paper's study of Connecticut's education costs can serve as the foundation of an equitable and adequate state education aid formula. To the best of the author's knowledge, it is the first cost function study of Connecticut public K–12 education. The author uses a regression model to...
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In order to simplify the representation of a technological relationship between inputs and outputs, a production unit's technology must typically satisfy some restrictive conditions, some of them being well known in the literature. This paper presents new results for aggregating labour inputs...
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Unobserved plant level heterogeneity and discrete production processes can produce problems for estimation. A …
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electricity under time-of-use pricing. The estimation results are encouraging. The elasticity estimates are very reasonable and …
Persistent link: https://www.econbiz.de/10014061903
The school resources - educational outcomes debate has focused almost exclusively on spending levels. We extend this by analysing the relationship between student achievement and schools' budget allocation decisions using panel data. Per-pupil expenditure has only a modest relationship with...
Persistent link: https://www.econbiz.de/10009787344
Facing substantial financial pressure, many districts close schools in order to preserve solvency and improve student outcomes. Using a new longitudinal data set on all non-Cook County Illinois schools, we examine the determinants of high school closure decisions from 1991 through 2005. Our...
Persistent link: https://www.econbiz.de/10003927958
We make a methodological contribution to the latent class literature by re-examining censored variable analysis within a panel data context. Specifically, we extend the standard latent class tobit panel approach to include random effects, to allow for heteroskedasticity and to incorporate the...
Persistent link: https://www.econbiz.de/10014157736