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Community, Inequality, and Local Public Goods: Evidence From School Financing in South Africa AgEcon
Yamauchi, Futoshi; Mishiyama, Shinichi.
To examine how local income distribution affects both a community’s ability to pay for schooling and the quality of that schooling, this research merges household and school census data from South Africa. Empirical results are twofold. First, while the median income and the average household income increase school fees, inequality in household income (standard deviation) decreases school fees, which indicates that the lower tail of income distribution pulls down school fees. Second, an increase in school fees significantly improves school quality, decreasing the learner-educator ratio and increasing the number of nonsubsidized educators. The result is consistent with (1) strategic behavior of the low-income group and (2) optimal school fee determination...
Tipo: Working or Discussion Paper Palavras-chave: Local public goods; School finance; Willingness to pay; Human capital; South Africa; Community/Rural/Urban Development.
Ano: 2005 URL: http://purl.umn.edu/59286
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Rates of Return to Public Agricultural Research in 48 U.S. States AgEcon
Plastina, Alejandro S.; Fulginiti, Lilyan E..
The internal rate of return to public investment in agricultural R&D is estimated for each of the continental U.S. states. Theoretically, our contribution provides a way of obtaining the returns to a local public good using Rothbart’s concept of virtual prices. Empirically, we use the spatial dependency among states generated by knowledge spillovers to define the ‘appropriate’ jurisdiction. We estimate an average own-state rate of 17% and a social rate of 27%. These figures should inform the policy debate on the allocation of federal funds to research in anticipation of a possible global food crisis.
Tipo: Conference Paper or Presentation Palavras-chave: Internal rates of return; Public R&D; Spillins; Local public goods; Appropriate jurisdiction; Spatial.; Production Economics; Productivity Analysis; Public Economics; Research and Development/Tech Change/Emerging Technologies; Q16; H41; C33; C31.
Ano: 2009 URL: http://purl.umn.edu/51709
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A Unified Framework for Measuring Preferences for Schools and Neighborhoods AgEcon
Bayer, Patrick; Ferreira, Fernando; McMillan, Robert.
This paper sets out a framework for estimating household preferences over a broad range of housing and neighborhood characteristics, some of which are determined by the way that households sort in the housing market. This framework brings together the treatment of heterogeneity and selection that has been the focus of the traditional discrete choice literature with a clear strategy for dealing with the correlation of unobserved neighborhood quality with both school quality and neighborhood sociodemographics. We estimate the model using rich data on a large metropolitan area, drawn from a restricted version of the Census. The estimates indicate that, on average, households are willing to pay an additional one percent in house prices - substantially lower...
Tipo: Working or Discussion Paper Palavras-chave: Capitalization; Local public goods; School quality; Discrete choice models; Hedonic price regression; Education demand; Labor and Human Capital; D58; H0; H4; H7; I2; R21; R31.
Ano: 2003 URL: http://purl.umn.edu/28513
Registros recuperados: 3
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