Análisis del efecto del gasto público en la calidad de la educación para los países miembros y asociados de la OCDE, 2015

Abstract

Education is a determining factor for social development and economic growth of countries. Additionally, the benefits of education are manifested at the individual level. Well, in general people with higher education have higher salaries. For these reasons, the governments of different countries seek to improve the quality of education. One of the mechanisms for the improvement of education is the increase in public spending for it; even so, the results are not always positive. In effect, the relationship between public spending on education and improvement of the quality of education cannot be evidenced. In this research, the relationship between public spending on education and the quality of education is analyzed. For this, a multiple linear regression model is estimated, using the data from PISA database for the year 2015. The results suggest a positive relationship between public spending on the education and the quality of the education.