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Efficiency of investment in compulsory education: empirical analyses in Europe

Tommaso Agasisti (), Ralph Hippe () and Giuseppe Munda

No JRC106678, JRC Working Papers from Joint Research Centre (Seville site)

Abstract: The current economic crisis has put ever more to the forefront the need to achieve educational goals in the most efficient way. Therefore, this report provides an empirical analysis of the efficiency in education in the EU. Efficiency is measured first by using two different but related traditional frontier approaches (Data Envelopment Analysis and Free Disposal Hull) and then the robustness of our findings is checked by means of multi-criteria evaluation. The analysis is based on a number of standard variables from the literature. The results show, among others, that not the amount, but the specific use of resources is what matters; and that the efficiency of an educational system could also contribute to long-term benefits in terms of adults’ skills and competences.

Keywords: Compulsory Education; Human Capital, Efficiency Analysis; Data Envelopment Analysis; Multiple-Criteria Evaluation (search for similar items in EconPapers)
JEL-codes: C14 C61 H52 I21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-edu and nep-eff
Date: 2017-04
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