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School District Consolidation, Size and Spending: an Evaluation




 

The Four Potential Models

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Recalling the original generic model specification, and substituting in the specific control variable functions explained above, we now have:

Current Per-Pupil Spending =
      b0 + â * {f(Size), ln(FedRevenuesPP), FedRevenuesPP2,
      StateLunchRevPP, StateLunchRevPP2, ln(PctSpecialEd),
      ln(PctWhite), EnrollmentByPopulation2, IncomePerCapita,
      IncomePerPupil2, MedianHouseAskingPrice,
      MedianHouseAskingPrice2, MedianRentAsked2,
      [Years]} + error

Combining this formula with the four different specifications for the f(Size) function discussed in the preceding section, we arrive at four different completed specifications, where f(Size) in the generic model is defined in one of the following ways:

(1)   ƒ(Size) = Size                              (Linear)
(2)   ƒ(Size) = ln (Size)                        (Logarithmic)
(3)   ƒ(Size) = a * Size + Size2              (Quadratic)
(4)   ƒ(Size) = ln2 (Size) − a * ln (Size)   (Checkmark)

Publication: Study

Next page: Empirical Results and Analysis

This text is part of the larger publication:
School District Consolidation, Size and Spending: an Evaluation

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Fri., Nov. 21 - Sun., Nov. 23, 2008
Inspire, Don't Expire
Lawrence W. Reed's comments from our 20th anniversary gala.

 

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