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We try to identify which economic factors might be responsible for the large international differences in student performance. We present time series evidence for a number of European countries which suggests that rising educational expenditures obviously did not improve student performance....
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the decision whether an excessive deficit exists. One cannot exclude that Italy and France have an interest to block such … a decision because they also have problems of meeting the obligations of the Stability and Growth Pact. So it is … decision about the excessive deficit procedure. The coming months will show whether the Pact really has teeth. We are strongly …
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