With the onset of new public management, there is a shift in the methods of financing of higher education institutions across the countries of the world, particularly emerging market economies, from public financing to private financing of higher education. Many countries adopted this shift very quickly while others have moved towards a gradual…

Examines the impact of variations in capital stock (physical assets) across school districts on student achievement. Uses level of bond indebtedness as a proxy for capital stock. Finds significant positive correlation between district per-student bonded indebtedness and student achievement measured by district mean scores on Michigan's Education…

Examines the effects of the Illinois Property Tax Extension Limitation Law on the revenue growth of collar counties and suburban school districts in Cook County. Finds that the law negatively affects revenue growth. Also finds, for example, that a majority of school business officials are motivated to increase their districts' bonded indebtedness.…