1. The Appraisal of Investments in Educational Facilities.
- Author
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Organisation for Economic Cooperation and Development, Paris (France). Programme on Educational Building. and Organisation for Economic Cooperation and Development, Paris (France). Programme on Educational Building.
- Abstract
This collection of papers covers, from a European perspective, the basic aspects of investments in physical educational facilities, as well as important issues in the economics of education. Four themes are covered. The first presents the art of the economic analysis of educational projects. The second focuses on the contribution of performance indicators in the evaluation of education systems. The third concerns the management of physical resources for education, especially the relationship between school environment and student achievement. The last theme addresses the design and equipment of physical facilities for education. It argues for investments in building human capital, and provides the tools for assessing the rates of return on these types of investments. Final comments focus on facility flexibility: what it is and which requirements it is supposed to meet. The papers included are: "Building Human Capital in Europe: Issues and Methods" (George Psacharopoulos); "Cost-Benefit Analysis in Education Projects: Internal Rates of Return, Methodologies and Theoretical Objections" (Tom Healy); "Externalities, Non-Market Effects, and Trends in Returns to Educational Investments" (Walter W. McMahon); "Investment in Education in OECD Countries--Finance and Ownership" (Andreas Schleicher); "What Do Developed Countries Today Demand from Their Educational Systems?" (Torsten Husen); "What Do Developed Countries Expect of Their Educational Systems? Reflections on the French Experience" (Francois Louis); "Making Better Use of School Buildings: Schools as Social Capital" (Kenn Fisher); "The Impact of School Building Conditions, Student Achievement, and Behaviour" (Glen I. Earthman); "Environmental Appraisal of Education Facilities" (Christopher French); "Patterns and Design Strategies for New School Buildings" (Rodolfo Almeida); and "Investing for Flexibility" (Sam Cassels and Peter McLennan). (Most chapters contain references.) (GR)
- Published
- 2000