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The Tax Returns of Public Spending on Universities: An Estimate with Monte Carlo Simulations

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  • José M. Pastor
  • Carlos Peraita

Abstract

Pastor J. M. and Peraita C. The tax returns of public spending on universities: an estimate with Monte Carlo simulations, Regional Studies. This paper proposes a methodology based on counterfactual scenarios and the existence of uncertainty to estimate the tax returns of public spending of regional governments on their public universities. The introduction of differences in the time spent by the students at university and the proportion of the total public expenditure implies making assumptions about uncertainty. The paper applies Monte Carlo simulations incorporating stochastic elements to estimate the tax returns of public spending in the University of the Basque Country (Spain). The results indicate that public expenditure in university education is a profitable investment from a fiscal perspective.

Suggested Citation

  • José M. Pastor & Carlos Peraita, 2016. "The Tax Returns of Public Spending on Universities: An Estimate with Monte Carlo Simulations," Regional Studies, Taylor & Francis Journals, vol. 50(11), pages 1863-1875, November.
    • Handle: RePEc:taf:regstd:v:50:y:2016:i:11:p:1863-1875
    DOI: 10.1080/00343404.2015.1068931
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    Cited by:

    1. Joan Crespo & Jesús Peiró-Palomino & Emili Tortosa-Ausina, 2020. "Does university performance have an economic payoff for their home regions? Evidence for the Spanish provinces," Working Papers 2020/20, Economics Department, Universitat Jaume I, Castellón (Spain).

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