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Theoretical and Applied Economics
No. 9 / 2011 (562)

Education and the Characteristics of Public Goods. Overlaps and Differences

Tatiana MOŞTEANU
Bucharest Academy of Economic Studies
Georgiana Camelia CREŢAN
Bucharest Academy of Economic Studies

Abstract. This paper aims to identify characteristics of the good education, particularly higher education, in terms of pure public goods, mixed goods and merit goods, starting from classical and neoclassical theories on public goods. The experience of several economists showed that the nature of the good education is not seen strictly according to its intrinsic characteristics, but also in relation to the functions and benefits released. So, the conclusion of our study shows that education, particularly higher education, meets limited aspects of pure public goods (non-rivalry and nonexclusion property) in terms of functions performed.

Keywords: education; public goods; mixed goods; merit goods; private goods; externalities.

Contents

Novum Organum Oeconomicum
Marin Dinu
1

Corporate Governance in Emerging Economies: The Case of Romania

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2

Banat-Crişana as Micro-destination – Elements of Tourism Image and Tourism Identity

Aurelia-Felicia STĂNCIOIU · Nicolae TEODORESCU · Anca-Daniela VLĂDOI · Codruţa BĂLTESCU · Marilena STOIAN

3

News in Competition Regulation in Romania. Institutional Consolidation of the Competition Council

Cornelia LEFTER · Oana OPREA (TEODORESCU)

4

Education and the Characteristics of Public Goods. Overlaps and Differences

Tatiana MOŞTEANU · Georgiana Camelia CREŢAN

5

The Remittance-GDP Relationship in the Liberalized Regime of Bangladesh: Cointegration and Innovation Accounting

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6

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11

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12

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13

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14

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