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Externalities and Public Provision of Education

The International Journal of Latest Trends in Finance and Economic Sciences

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Title Externalities and Public Provision of Education
 
Creator Coelho, Manuel Pacheco
Oliveira, Maria Leonor
 
Description This paper investigates the role of government in providing education, especially at the regional and local level. The public (or semi-public) good nature of education and the presence of externalities in the production and consumption process can lead to situations of market failure. Consequently the market can be driven to solutions that are not socially efficient and that’s the fundamental reason to defend the public provision of education. But there is also a role to be developed by the private school, in this market. Locally, the economic analysis points to an important public role in the provision of educational services, especially at the level of basic education. The justification is based mainly on grounds of fairness, that is, the more or less universal access to the benefits of education being the central issue.
 
Publisher International Journal of Latest Trends in Finance and Economic Sciences
 
Contributor —
 
Date 2011-11-29
 
Type —
 
Format application/pdf
 
Identifier http://ojs.excelingtech.co.uk/index.php/IJLTFES/article/view/357
10.2047/ijltfes.v1i3.357
 
Source International Journal of Latest Trends in Finance and Economic Sciences; Vol 1, No 3 (2011): September Issue
 
Language en
 
Rights The copyright of the contribution is transferred to IJLTFES in case of acceptance. The copyright transfer covers the exclusive right to reproduce and distribute the contribution, including reprints, translations, photographic reproductions, microform, electronic form, or any other reproductions of similar nature. The Author may publish his/her contribution on his/her personal Web page provided that he/she creates a link to the mentioned volume of IJLTFES. The Author may not publish his/her contribution anywhere else without the prior written permission of the publisher unless it has been changed substantially. The Author warrants that his/her contribution is original, except for such excerpts from copyrighted works as may be included with the permission of the copyright holder and author thereof, that it contains no libellous statements, and does not infringe on any copyright, trademark, patent, statutory right, or propriety right of others. The Author also agrees for and accepts responsibility for releasing this material on behalf of any and all co-authors.