Firms for funding
The effect of Million Dollar Plants on school finances and student achievement
Bibliographic Data
| ID | 11080552 |
|---|---|
| Authors | Rahul R Gupta (0009-0004-2490-9427, Georgetown University, corresponding author), Viviana Rodriguez (0000-0003-4829-8101, The University of Texas at San Antonio) |
| Year | 2025 |
| Volume | 149 |
| Pages | 103794 |
| Publication date | 2025-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Urban Economics (JOURNAL) |
| Journal identifiers | ISSN: 0094-1190 • E-ISSN: 1095-9068 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.jue.2025.103794 |
| OpenAlex | W4412738294 |
| Language | EN |
| References cited | 29 |
We study the impact of large firm entry on local public education by comparing school districts in counties that win a Million Dollar Plant (MDP) to runner-up counties. Winning an MDP increases school district revenues by approximately 3%, primarily through higher local property tax collections. While total per pupil revenue rises modestly, we find gains in instructional spending and small improvements in test scores. Effects vary by firm type: manufacturing MDPs are associated with greater capital outlays but limited achievement gains, whereas high-tech MDPs see increased instructional spending and improved proficiency. Districts with MDPs in highly educated industries exhibit larger increases in instructional spending and student outcomes, even when overall revenue gains are similar
Academic achievement · Business · Economics · Exchange rate · Liberian dollar · Mathematics education · Monetary economics · Student achievement · Us dollar · Finance · Innovations in Educational Methods · Local Government Finance and Decentralization · Psychology · School Choice and Performance
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| Citation velocity | historical |
|---|---|
| Highly cited | No |