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The Tax Returns of Public Spending on Universities: An Estimate with Monte Carlo Simulations
Pastor J. M. and Peraita C. The tax returns of public spending on universities: an estimate with Monte Carlo simulations, Regional Studies. This paper proposes a methodology based on counterfactual scenarios and the existence of uncertainty to estimate the tax returns of public spending of regional governments on their public universities. The introduction of differences in the time spent by the students at university and the proportion of the total public expenditure implies making assumptions about uncertainty. The paper applies Monte Carlo simulations incorporating stochastic elements to estimate the tax returns of public spending in the University of the Basque Country (Spain). The results indicate that public expenditure in university education is a profitable investment from a fiscal perspective.
The Tax Returns of Public Spending on Universities: An Estimate with Monte Carlo Simulations
Pastor J. M. and Peraita C. The tax returns of public spending on universities: an estimate with Monte Carlo simulations, Regional Studies. This paper proposes a methodology based on counterfactual scenarios and the existence of uncertainty to estimate the tax returns of public spending of regional governments on their public universities. The introduction of differences in the time spent by the students at university and the proportion of the total public expenditure implies making assumptions about uncertainty. The paper applies Monte Carlo simulations incorporating stochastic elements to estimate the tax returns of public spending in the University of the Basque Country (Spain). The results indicate that public expenditure in university education is a profitable investment from a fiscal perspective.
The Tax Returns of Public Spending on Universities: An Estimate with Monte Carlo Simulations
Pastor, José M. (author) / Peraita, Carlos (author)
Regional Studies ; 50 ; 1863-1875
2016-11-01
13 pages
Article (Journal)
Electronic Resource
English
Universities , Tax returns , Public spending , Monte Carlo , 大学 , 税收回报 , 公共支出 , 蒙特卡罗 , Universités , Déclarations d'impôts , Dépenses publiques , Hochschulen , Steuereinkünfte , Öffentliche Ausgaben , Universidades , Ganancias de impuestos , Gasto público , Montecarlo , C15 , H23 , H52 , I23
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