Empirical Assessment and Comparison of Educational Efficiency between Major Countries across the World

Lipeng Chen, Yang Yu, Amsalu K. Addis and Xiao Guo

MPRA Paper from University Library of Munich, Germany

Abstract: Education is a fundamental factor to enhance a country’s comprehensive national strength and international competitiveness. Recently, several governments have been attracting investments in educational sectors in contemplation of meliorating a country’s overall strength. This study empirically assesses and compares the educational efficiency of 29 major countries across the world using panel data for 2010–2016 by employing data envelopment analysis (DEA) and the super-slacks-based measure (super-SBM) model at the static level combined with the Malmquist index (MI) to investigate educational efficiency at the dynamic level. The results indicate, inter alia, huge average education efficiency differences existed among the studied countries, the highest being Japan (3.2845) and lowest Norway (0.4137), there are differences in the bias of technological progress among the studied countries during the sample period and technological progress directly affects the sustainability of educational efficiency, the growth rate of total factor productivity (TFP) index has been reduced in 2010–2013 but increased in 2014–2016 and techno-logical progress has been the dominant factor influencing the rise of the education TFP index. Based on the results, this study identifies the merits and drawbacks of education efficiency across the sample countries and presents relevant recommendations to promote investment in the education sector and human capital.

Keywords: Educational efficiency; Super-SBM model; Malmquist index; Total factor productivity (TFP) index; Data envelopment analysis (DEA) (search for similar items in EconPapers)
JEL-codes: I21 I25 I28 (search for similar items in EconPapers)
Date: 2022-02, Revised 2022-03
New Economics Papers: this item is included in nep-edu and nep-eff
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Citations: View citations in EconPapers (1)

Published in Sustainability 7.14(2022): pp. 1-17

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Journal Article: Empirical Assessment and Comparison of Educational Efficiency between Major Countries across the World (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:112562

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