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Trends in Public Financing and Dilemmas of Chilean Educational Policy (1999-2018)

Author

Listed:
  • Sebastián Donoso-Díaz

    (University of Talca)

  • Oscar Arias-Rojas
  • Daniel Reyes-Araya

    (University of Talca)

Abstract

The evolution of the Chilean public budget in education in the present millennium is exposed, attending to its relevance as a key component of development, and inquiring about what this means in reference to the evolution of the country's Gross Domestic Product (GDP), as well as the public budget. -total audience. The annual budget items are systematized, updated, before some key milestones of the educational policies of the period studied. The main results show significant increases in the budget, even above GDP growth, and in the social demands in this field. However, it is estimated that some major examinations must be carried out, since it is not possible to continue with a sector budget that grows unlimitedly, but also to it requires other forms of budget allocation that involve structural change. The findings show the importance of advancing in these matters to support those strategic policies that Chile does not satisfactorily resolve: social segmentation of the school system, social inequality, and low quality of educational results.

Suggested Citation

  • Sebastián Donoso-Díaz & Oscar Arias-Rojas & Daniel Reyes-Araya, 2021. "Trends in Public Financing and Dilemmas of Chilean Educational Policy (1999-2018)," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 95, pages 167-197, July-Dece.
    • Handle: RePEc:lde:journl:y:2021:i:95:p:167-197
    DOI: 10.17533/udea.le.n95a343163
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    References listed on IDEAS

    as
    1. Hanushek, Eric A. & Woessmann, Ludger, 2015. "The Knowledge Capital of Nations: Education and the Economics of Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262029170, April.
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    More about this item

    Keywords

    Public Budget; public education budget; public education; Ministry of Education; Chile;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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