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In OECD countries the average expenditure on primary and secondary education institutions is about 3.5% of GDP. The investment in education has large implications for economic development and the proper functioning of democratic institutions, as well as overall well-being. However, clear consensus and guidance on which system leads to the best educational outcomes is lacking. This volume describes the resource allocation for compulsory and special needs education for a selection of well-performing countries and regions on PISA tests. By studying the funding systems in well-performing countries and regions the authors identify the elements in the respective funding systems that are associated with best outcomes and have the ideal characteristics to pursue particular goals of education systems such as equity and efficiency. The funding methods of primary and secondary education as well as special needs education are covered.
Ebook available in Open Access. This publication is GPRC-labeled (Guaranteed Peer-Reviewed Content).
Kristof De Witte is professor at the Faculty of Economics and Business at KU Leuven and holds the chair in Effectiveness and Efficiency of Educational Innovations at United Nations University (UNU-MERIT) at Maastricht University. Vitezslav Titl is doctoral researcher in political economy at KU Leuven. Prior to his doctoral studies, he finished traineeships at the European Parliament and the German Development Institute. Oliver Holz is assistant professor at KU Leuven, where he works in the teacher training program. He is affiliated with the research group Leuven Economics of Education Research. Mike Smet is assistant professor of Research Methods at the Faculty of Economics and Business at KU Leuven. He is affiliated with the research group Leuven Economics of Education Research.
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