Title: The relationship between the amount and the stability of educational expenditures on educational performance: evidence from US states
Authors: Soyoung Park; Sungchan Kim
Addresses: Department of Public Administration, Incheon National University, Incheon, South Korea ' Department of Public Administration, The Catholic University of Korea, Bucheon, South Korea
Abstract: Educational expenditures account for the largest proportion of state expenditures and are primarily justified through the academic performance of the student. Even though previous studies have examined the effects of expenditure levels on academic achievement, there is little empirical research regarding the effects of specific educational expenditure conditions or patterns on educational outcomes (i.e., stability of educational expenditures). Thus, this study investigates the relationship between conditions of educational expenditures and student academic achievement. In this research, we find that levels of expenditures per student are positively related to student achievement, in support of previous extant literature, while the volatility of expenditures is not related to student achievement. Moreover, the higher level of expenditures with more volatility in educational expenditures results in lower academic achievement. This indicates that resource stability in educational services is more beneficial to academic achievement offered through an on-going educational program.
Keywords: educational expenditures; academic achievement; resource volatility.
International Journal of Management in Education, 2020 Vol.14 No.3, pp.257 - 270
Received: 24 Dec 2018
Accepted: 21 Mar 2019
Published online: 01 May 2020 *