Globalization and the Composition of Public Education Expenditures: A Dynamic Panel Analysis

Thushyanthan Baskaran and Zohal Hessami

No 2010-03, Working Paper Series of the Department of Economics, University of Konstanz from Department of Economics, University of Konstanz

Abstract: This paper studies the relationship between globalization and the composition of public education expenditures. The theoretical model is embedded in a median voter setting and is based on the assumption that globalization leads to lower tax revenues as well as an increase in the relative wage of high-skilled workers. Overall, the theoretical discussion suggests that globalization induces a shift from primary to tertiary education expenditures, which is backed up by empirical evidence from dynamic panel estimations for 121 countries over the 1992 - 2006 period. A possible implication of the shift in educational priorities towards higher education is an increase in income inequality

Keywords: Globalization; public education expenditures; educational policy (search for similar items in EconPapers)
JEL-codes: F15 H42 H52 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2010-09-28
New Economics Papers: this item is included in nep-edu and nep-lab
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Citations: View citations in EconPapers (6)

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Working Paper: Globalization and the Composition of Public Education Expenditures: A Dynamic Panel Analysis (2010)
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