System dynamics approach to the financial crisis in elementary education system - a case in Taiwan

Achieving financial stability and long-term human resources planning are critical to a sound elementary education system. In recent years the consistent rise of Taiwanese governments debt combined with the increase of education expenditures has caused a financial crisis to the elementary education. In fact, the Taiwanese elementary education system is affected by supply and demand of finance. This study uses system dynamics approach to discuss a proposed financial dynamic model of Taiwanese elementary education system and to explore the system behavior. Practical policy recommendations are suggested that have positive impacts on the future development of Taiwanese elementary education system and serve as a reference for educational policymakers.