This paper makes two important contributions. Firstly, it uncovers some of the main economic determinants driving the dynamics of public education spending in Europe. Drawing mainly on the insights provided by Baumol's cost theory, the baseline specification uses unit labour costs and real GDP...

The aim of this article is to present the commitment of EU Member States to their education policies. The key points in the article are the importance of investing in human capital and the effectiveness of the state as such an "investor". Through clusterization of the available data, the author...

Recent policy suggestions from the European Community underlined the importance of “efficiency” and “equity” in the provision of education while, at the same time, the European countries are required to provide their educational services by minimizing the amount of public money devoted...