Abstract
The paper attempted to define an analytical framework for discussing the issue of economic sustainability for basic education in the Philippines. The said framework was summarized in terms of two indices: one which looks at the degree of insufficiency of basic education funding and another which considers time intervals in which sufficiency or insufficiency is noted. A logistic model was fitted to the gathered data sets where raw observations were standardized prior to performing regression analysis on identified variables. The findings revealed that a unit increase in per capita budget increases enrolment by 624 students in basic education. Relatedly, 97% of the variance in actual basic education enrolment is attributed to the per capita budget allocation on basic education by the national government. The study found that population growth rate and economics (GDP per capita) are the two main driving forces in basic education development. School-age population is growing by about 6% annually whereas the country’s GDP average yearly growth just reaches about 4%. Ultimately, the fast expanding population has to be curbed if the country is to achieve the Millennium Development Goals (MDGs) of Education For All (EFA).
Recommended Citation
Abocejo, Ferdinand T. and Padua, Roberto N.
(2010)
"An Econometric Model for
Determining Sustainability of Basic
Education Development,"
CNU Journal of Higher Education: Vol. 4:
Iss.
1, Article 2.
DOI: https://doi.org/10.70997/2546-1796.1062
Available at:
https://jhe.researchcommons.org/journal/vol4/iss1/2