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The Impact of Benefit Spillovers upon Economic Efficiency in Public School Finance
Author(s) -
Holland David W.
Publication year - 1974
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1238759
Subject(s) - equity (law) , residence , economics , public economics , public finance , finance , demographic economics , macroeconomics , political science , law
The hypothesis that public school funding is sensitive to gain or loss of residence related external benefits was tested using two stage least squares. No statistically significant relationship was detected. Arguments for providing school funding relief to declining rural areas must be defended upon equity rather than efficiency grounds.