LUSD is a large school district, with more than 200,000 students.
Schools in LUSD have a monetary incentive for attracting gifted students, as LUSD provides a funding boost of 12 percent over the average allotment for a regular student.
Gifted students in LUSD are far less likely to be economically disadvantaged and more likely to be white or Asian than other students in the district.
Why does the G&T program in LUSD not yield benefits for students on the margin of eligibility?
LUSD has 41 middle schools, of which 8 have G&T magnet programs, and 2 of these are oversubscribed.
Examining the equation related to LUSD, we remark the LEUR and the LJPY positively influence the LUSD series.
Looking at the equation allied to the LEUR, we see that the LEUR depends negatively on the LUSD variations.
Moreover, we see the existence of a negative causality link which is assumed to run from LUSD to LJPY.
Table 1 Summary statistics of the exchange rate LUSD LEUR LJPY Mean 0.