@techreport{Baskaran2010Globa-29526,
  year={2010},
  series={Working Paper Series / Department of Economics},
  title={Globalization and the Composition of Public Education Expenditures : a Dynamic Panel Analysis},
  number={2010-03},
  author={Baskaran, Thushyanthan and Hessami, Zohal}
}

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    <dcterms:abstract xml:lang="eng">This paper studies the relationship between globalization and the composition of public education expenditures. The theoretical model is embedded in a median voter setting and is based on the assumption that globalization leads to lower tax revenues as well as an increase in the relative wage of high-skilled workers. Overall, the theoretical discussion suggests that globalization induces a shift from primary to tertiary education expenditures, which is backed up by empirical evidence from dynamic panel estimations for 121 countries over the 1992 - 2006 period. A possible implication of the shift in educational priorities towards higher education is an increase in income inequality</dcterms:abstract>
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