Resumen de Institutions and Public Expenditure on Education in OECD Countries

Agustín Molina Morales, Ignacio Amate Fortes, Almudena Guarnido Rueda

• The aim of this study is to determine the factors affecting public expenditure on education with regard to OECD countries, with particular emphasis on the relationship between institutional quality and education spending. For this purpose, a data panel model was estimated for 33 countries over a period of 14 years (from 1996 to 2009, both years inclusive). The results obtained enable us to conclude that the greater the economic, social and democratic development of a country, the higher the spending on education undertaken by the government, even more so in the case of left-wing governments.