EDUCATION FUNDING AS A DETERMINANT OF THE EDUCATIONAL SYSTEM'S EFFECTIVENESS AND SOCIETAL PERFORMANCE

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

Authors

The article aims to analyze approaches to evaluating secondary education effectiveness across various countries by examining the relationship between public expenditures and students' corresponding learning outcomes, as well as broader societal efficiency indicators. The research explores the correlation between general secondary education funding and international PISA assessment results, alongside the relationship between societal efficiency indicators – such as the Human Development Index (HDI) and GDP at Purchasing Power Parity (PPP) – with educational expenditures and investments in research and development (R&D). The findings demonstrate a non-linear relationship between PISA scores in countries that participated in the 2015, 2018, and 2022 assessments and the cumulative nine-year education funding per 15-year-old schoolchild, expressed in USD at PPP. This relationship is best approximated by an inverted parabola with a peak. Using PISA 2022 as a case study, the educational characteristics of leading countries (Vietnam, Singapore, Macau, Japan) and underperforming countries (Qatar, Panama, Cyprus, the Dominican Republic, and Thailand) were analyzed. These countries' educational outcomes fall outside the standard deviation range. Approaches to evaluating the overall efficiency of education systems were also tested, utilizing widely recognized indicators such as the HDI, GDP per capita at PPP, and the share of public expenditures allocated to R&D. A model was developed to analyze the interrelation between the HDI, R&D expenditures, and per-student educational spending in connection with student performance for a group of countries with high R&D investments. The resulting determination coefficient is R² = 69,7% and confirms the statistical significance of this relationship. The model demonstrates that increased R&D spending has a lesser impact on the HDI compared to educational expenditures on secondary education, adjusted for PISA scores. This finding suggests that, even for developed countries, prioritizing human capital general development through educational investment remains more critical than allocating additional resources to the R&D sector.

OriginalspracheEnglisch
ZeitschriftFinancial and Credit Activity: Problems of Theory and Practice
Jahrgang2
Ausgabenummer61
Seiten (von - bis)513-528
Anzahl der Seiten16
ISSN2306-4994
DOIs
PublikationsstatusErschienen - 30.04.2025

Bibliographische Notiz

Publisher Copyright:
© 2025 by the author(s).

DOI

Zuletzt angesehen

Publikationen

  1. Rhetorik-Schulprojekte mit Lehramtsstudierenden
  2. The Power and Peril of Precise vs. Round Health Message Interventions to Increase Stair-Use
  3. Gewalt
  4. Buffer Institutions in Public Higher Education in the Context of Institutional Autonomy and Governmental Control: A Comparative View of the United States and Germany
  5. A "Whale" of a Problem
  6. Klimaschutz
  7. Is there a gap in the gap? Regional differences in the gender pay gap
  8. A plea for realistic pessimism
  9. Die Camera Obscura der Identität
  10. Algae Cultivation as Measure for the Sanitation of Organic Waste—A Case Study Based on the Alga Galdieria sulphuraria Grown on Food Waste Hydrolysate in a Continuous Flow Culture
  11. Managing Diversity - Ansätze zur Erfolgsmessung
  12. When do chronic differences in self-regulation count?
  13. Efficacy of a Self-Guided Internet Intervention With Optional On-Demand Feedback Versus Digital Psychoeducation on Sleep Hygiene for University Students With Insomnia
  14. Hilfen zur Erziehung
  15. Guest editorial
  16. Defining sustainable chemistry-an opportune exercise?
  17. Gogarten, Friedrich
  18. Environmental Management Accounting – Developments Over the Last 20 years from a Framework Perspective
  19. Between the lines: linking carbon management to carbon accounting actions in the pursuit of corporate decarbonization
  20. Digital Health Literacy of Children and Adolescents and Its Association With Sociodemographic Factors
  21. Agents, Audiences, and Peers
  22. Behandlung von Adoleszenten mit Identitätsdiffusion
  23. The persistent decline in unionization in Western and Eastern Germany, 1980-2004
  24. Wohin denn sonst: in den Süden!