Examining the impact of capital on academic achievement |
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| Authors: | John T Jones Ron W Zimmer |
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| Institution: | a Georgetown College, Business Administration and Economic Department, 400 E. College Street, Georgetown, KY 40324-1696, USA;b RAND Corporation, 1700 Main Street, Santa Monica, CA 90407-2138, USA |
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| Abstract: | While a growing body of literature on education production looks at the impact school inputs have on academic achievement, virtually no research is examining the impact capital is having on academic achievement. In this study, we take an initial step towards that end. By using school districts' level of bond indebtedness as a proxy for capital, we find evidence that capital stock does affect academic achievement. In light of these findings along with the general lack of research on capital inputs, we conclude that capital expenditures should be given greater attention in future research. |
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| Keywords: | Educational economics Educational finance Input output analysis |
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