About this paper

Appears in:
Pages: 2317-2326
Publication year: 2018
ISBN: 978-84-697-9480-7
ISSN: 2340-1079
doi: 10.21125/inted.2018.0439

Conference name: 12th International Technology, Education and Development Conference
Dates: 5-7 March, 2018
Location: Valencia, Spain

EFFICIENCY OF PUBLIC EXPENDITURE ON EDUCATION: COMPARING CROATIA WITH OTHER NMS

A. Ahec Sonje1, M. Deskar-Skrbic2, V. Sonje3

1University College Effectus (CROATIA)
2Erste&Steiermarkischebank.com (CROATIA)
3Arhivanalitika Ltd. (CROATIA)
Contribution of classical growth factors, labor and capital, to the growth performance of modern economies became limited. Modern economies are becoming more knowledge-intensive and service-oriented, which increased the relevance of human capital for mid-term and long-term growth. Thus, education, as the main channel of government’s influence on human capital accumulation, became important research subject in the field of economic growth. In this paper we focus on the efficiency of public expenditure on secondary and tertiary education in New Member States (NMS) as empirical literature shows that only efficient government spending can generate adequate returns in terms of contribution to economic growth. We apply Data Envelopment Analysis (DEA), a non-parametric methodological approach, to assess the relative technical efficiency of public expenditure on secondary and tertiary education in NMS, with a particular focus on Croatia. Input variables in our models are public expenditure on education per student and a % of GDP, while as main output variables for secondary education we use PISA results in 2006, 2009, 2012 and 2015 and for tertiary education (cyclically-adjusted) share of unemployed with a tertiary education in total number of unemployed. We also apply some robustness checks and compare the results with existing literature.
@InProceedings{AHECSONJE2018EFF,
author = {Ahec Sonje, A. and Deskar-Skrbic, M. and Sonje, V.},
title = {EFFICIENCY OF PUBLIC EXPENDITURE ON EDUCATION: COMPARING CROATIA WITH OTHER NMS},
series = {12th International Technology, Education and Development Conference},
booktitle = {INTED2018 Proceedings},
isbn = {978-84-697-9480-7},
issn = {2340-1079},
doi = {10.21125/inted.2018.0439},
url = {http://dx.doi.org/10.21125/inted.2018.0439},
publisher = {IATED},
location = {Valencia, Spain},
month = {5-7 March, 2018},
year = {2018},
pages = {2317-2326}}
TY - CONF
AU - A. Ahec Sonje AU - M. Deskar-Skrbic AU - V. Sonje
TI - EFFICIENCY OF PUBLIC EXPENDITURE ON EDUCATION: COMPARING CROATIA WITH OTHER NMS
SN - 978-84-697-9480-7/2340-1079
DO - 10.21125/inted.2018.0439
PY - 2018
Y1 - 5-7 March, 2018
CI - Valencia, Spain
JO - 12th International Technology, Education and Development Conference
JA - INTED2018 Proceedings
SP - 2317
EP - 2326
ER -
A. Ahec Sonje, M. Deskar-Skrbic, V. Sonje (2018) EFFICIENCY OF PUBLIC EXPENDITURE ON EDUCATION: COMPARING CROATIA WITH OTHER NMS, INTED2018 Proceedings, pp. 2317-2326.
User:
Pass: