Qualitative Efficiency Assessment of Markets: An Institutional Approach to Training

Mark Schonewille ()

HEW from EconWPA

Abstract: We investigate the effect of institutions on efficiency of training markets. After setting up a theoretical institutional framework that shows how institutions affect efficiency, we apply this framework to the real world. An empirical analysis of institutions affecting training markets will enable us to determine the institutional efficiency of these markets, under the assumption that a positive relationship exists between efficiency and productivity. Finally, we compare institutional efficiency scores of national training markets to other measures of productivity and ask whether a particular set of institutions maximises efficiency.

Keywords: institutions; vocational training; continuing education; labour markets; productivity; efficiency; production frontier (search for similar items in EconPapers)
JEL-codes: H3 H4 H5 I2 J4 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-reg
Date: 2004-05-31
Note: Type of Document - pdf; pages: 33. This is a preliminary version.
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwphe:0405006

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