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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17839| Title: | Institutional Effects in a Simple Model of Educational Production |
| Keywords: | I20 L32 H52 ddc:330 educational production principal-agent model institutions of the education system Bildungsökonomik Institutionalismus Bildungsniveau Bildungsverhalten Bildungspolitik Agency Theory Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | The paper presents a model of educational production which tries to make sense of recent evidence on effects of institutional arrangements on student performance. In a simple principal-agent framework, students choose their learning effort to maximize their net benefits, while the government chooses educational spending to maximize its net benefits. In the jointly determined equilibrium, schooling quality is shown to depend on several institutionally determined parameters. The impact on student performance of institutions such as central examinations, centralization versus school autonomy, teachers' influence, parental influence, and competition from private schools is analyzed. Furthermore, the model can rationalize why positive resource effects may be lacking in educational production. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17839 |
| Other Identifiers: | http://hdl.handle.net/10419/17839 ppn:337571287 |
| Appears in Collections: | EconStor |
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