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Considerations On The Implementation Of Cost-Benefit Analysis In Evaluating The Efficiency Of Investing In Higher Education

Author

Listed:
  • Georgiana Camelia Cretan

    (Academy of Economic Studies, Bucharest)

  • Yvonne Iulia Lacrois

    (Academy of Economic Studies, Bucharest)

Abstract

Applying cost-benefit analysis in education is aimed at evaluating the costs and benefits of public investment in education. The costs and benefits appear both in the present and in the future. One problem encountered in applying cost-benefit analysis in education is the time factor because, in this case, most of the benefits occur in the long term. Also, it is difficult to demonstrate if productivity increases due to higher education. In this situation, taking into account the principles of cost-benefit analysis, the paper aims to address issues related to the needs of society, efficiency, equity, costs and potential benefits of public financing of higher education.

Suggested Citation

  • Georgiana Camelia Cretan & Yvonne Iulia Lacrois, 2008. "Considerations On The Implementation Of Cost-Benefit Analysis In Evaluating The Efficiency Of Investing In Higher Education," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 12(12(517)(s), pages 127-134, December.
    • Handle: RePEc:agr:journl:v:12(517)(supplement):y:2008:i:12(517)(supplement):p:127-134
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    File URL: http://store.ectap.ro/suplimente/Finante_nov_2008_en.pdf
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    Cited by:

    1. Polcyn, Jan, 2017. "Edukacja jako dobro publiczne - próba kwantyfikacji [Education as a public good – an attempt at quantification]," MPRA Paper 76606, University Library of Munich, Germany, revised 2017.

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