Economic crisis and public education. A productivity analysis using a Hicks-Moorsteen index



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Aparicio, Juan and López Torres, Laura and Santín González, Daniel (2018) Economic crisis and public education. A productivity analysis using a Hicks-Moorsteen index. Economic Modelling, 71 . pp. 34-44. ISSN 0264-9993

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The economic crisis forced politicians to make public finances sustainable. The education sector was one of the most adversely affected by control of public expenditure. This paper analyzes the drivers causing productivity changes of especially vulnerable public schools during the crisis. We use the Hicks-Moorsteen index, which is a seldom applied methodology that leads to feasible results under variable returns to scale. To illustrate the benefits of this index, we use a sample of 298 Catalan public primary schools between 2009 (when budgetary constraints started) and 2014. The results reveal that during the crisis schools improved their total factor productivity by raising academic achievement despite cutbacks in resources. We also found that there was a strong convergence pattern during the financial crisis, driven by the catch-up process of some schools. The findings have important policy implications, suggesting that a monitoring system should be set up for use by policy makers.

Item Type:Article
Uncontrolled Keywords:Productivity; Hicks-moorsteen; Convergence; Public schools; Economic crisis; Education
Subjects:Social sciences > Economics > Econometrics
Social sciences > Economics > Public economy
Social sciences > Economics > Microeconomics
Humanities > Education
JEL:C43, C61, C67, D24, H12, H52, I21
ID Code:60464
Deposited On:12 May 2020 12:29
Last Modified:13 May 2020 10:07

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