The effect of educational expenditure on academic performance and its mechanisms

Considering a Colombian reform to the educational system as a quasi-natural experiment, this article attempts to find the effect and some mechanisms that Central Government's spending in education has on academic performance. The reform generated an exogenous change in the amount of public school spending that each municipality received from the Central Government. I used the variation of public school expenditure and the results of the standardized test Saber11, between 2004 and 2013, to find the causal effect of national expenditure on education in academic results. Using an instrumental variable model, the results show that an increase in transfers per student during his/her academic life, of around 5%, generates an improvement of 0.1 standard deviations in the test score at national level. Furthermore, I found that the students per teacher ratio and local resources per student are relevant mechanisms to explain this effect.

• Autores: Orduz Perdomo, María
• Fecha de publicación: 2018
• Institución: Universidad de los Andes
• Repositorio: Séneca: repositorio Uniandes
• Idioma: eng
• OAI Identifier: oai:repositorio.uniandes.edu.co:1992/44249
• Acceso en línea: http://hdl.handle.net/1992/44249
• Palabra clave: Financiación de la educación - Investigaciones - Colombia - 2004-2016 - Métodos estadísticos; Rendimiento académico - Aspectos económicos - Investigaciones - Colombia; Calidad de la educación - Investigaciones - Colombia - 2004-2013; Política educativa - Investigaciones - Colombia - 2004-2013; Economía
• Rights: openAccess
• License: http://creativecommons.org/licenses/by-nc-nd/4.0/