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Are Equity and Efficiency Irreconcilable Goals in Education? A General Equilibrium Analysis of Basic Education Finance in China
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Ding, Weili; Lu, Ming – Frontiers of Education in China, 2007
Lacking guidance of general equilibrium (GE) theories in public economics and the corresponding proper mechanisms, China has not surprisingly witnessed an inequality in educational expenditures across regions as well as insufficiency of funds for education in poor areas. It is wrongly thought that what happens is due to the decentralized financing…
Descriptors: Human Capital, Educational Finance, Foreign Countries, Access to Education