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The Recession and Public Investment in Education in Latin America*

Published online by Cambridge University Press:  02 January 2018

Jandhyala B. G. Tilak
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Extract

It is the most common presumption that the relative priority accorded to education in an economy is significantly determined by economic conditions, particularly by the national income per capita and the budget. However, under normal conditions of economic well-being, allocation of resources to education is generally found to be least influenced by economic factors in any important way. Economic ability factors like GNP per capita and public spending on education are not significantly related. Neither are criteria for efficiency, like the rate of return to education, found to influence policies which allocate resources to education (see Tilak, 1982).

Type
Research Article
Information
Journal of Interamerican Studies and World Affairs , Volume 31 , Issue 1-2: Special Issue: Latin America at the Crossroads: Major Public Policy Issues , Spring/Summer 1989 , pp. 125 - 146
Copyright
Copyright © University of Miami 1989

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Footnotes

*

The author wishes to thank George Psacharopoulos for his helpful comments on an earlier draft of this paper. The views expressed here are those of the author alone and should not necessarily be attributed to the organization for which he works.

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