From: An empirical inquiry into the determinants of public education spending in Europe

SUR estimates for the model specifications: | Extended & GDP per capita | Extended & GDP per capita |
---|---|---|

-adding general gov’t expenditure- | ||

Specification | (4) | (7) |

Δlog (spending per student, FTE, at ISCED 0–1) [eq1] | ||

Δlog (ULC) | 1.03*** | 1.04*** |

(5.22) | (5.29) | |

Δlog (real GDP per capita) | 0.64*** | 0.65*** |

(3.49) | (3.57) | |

Δlog (pupil/teacher ratio) (−1) | −0.12 | −0.03 |

(−0.92) | (−0.22) | |

Δlog (share of capital expenditure) (−1) | 0.05 | 0.05 |

(1. 35) | (1.57) | |

Δlog (share of teachers’ wages expenditure) (−1) | 0.46** | 0.37** |

(2.36) | (2.00) | |

Constant | 3.26*** | 3.29*** |

(3.89) | (3.73) | |

Δlog (spending per student, FTE, at ISCED 2–4) [eq2] | ||

Δlog (ULC) | 0.64*** | 0.65*** |

(2.97) | (3.01) | |

Δlog (real GDP per capita) | 0.60*** | 0.61*** |

(3.02) | (3.06) | |

Δlog (pupil/teacher ratio) (−1) | −0.29** | −0.24* |

(−2.07) | (−1.73) | |

Δlog (share of capital expenditure) (−1) | 0.03 | 0.03 |

(0.72) | (0.72) | |

Δlog (share of teachers’ wages expenditure) (−1) | 0.48** | 0.44** |

(2.29) | (2.09) | |

Constant | 3.03*** | 3.05*** |

(3.32) | (3.34) | |

Δlog (spending per student, FTE, at ISCED 5–6) [eq3] | ||

Δlog (ULC) | 0.82*** | 0.82*** |

(3.88) | (3.88) | |

Δlog (real GDP per capita) | 0.49** | 0.49** |

(2.48) | (2.48) | |

Δlog (share of capital expenditure) (−1) | 0.06* | 0.06* |

(1.65) | (1.65) | |

Δlog (share of teachers’ wages expenditure) (−1) | 0.46** | 0.47** |

(2.22) | (2.23) | |

Constant | 0.90 | 0.90 |

(1.00) | (1.00) | |

Δlog (general govt. spending per capita) [eq4] | ||

Δlog (ULC) | 0.70*** | |

(6.96) | ||

Δlog (real GDP per capita) | 0.47*** | |

(5.05) | ||

Constant | 2.31*** | |

(5.36) | ||

Observations | 206 | 206 |

R
^{2} [eq1]
| 0.22 | 0.22 |

R
^{2} [eq2]
| 0.14 | 0.14 |

R
^{2} [eq3]
| 0.15 | 0.15 |

R
^{2} [eq4]
| 0.27 | |

AIC
| 4556.55 | 5774.34 |

BIC
| 4613.12 | 5840.90 |

Breusch-Pagan test of independence stat. (p-val.) | 21.27 (0.00) | 38.23 (0.00) |