Study Regarding The Efficiency Of Public Spending On Education At Eu Level Through Benchmarking
AbstractThe objective of this paper is to review the efficiency of public expenditure for education in Romania compared to other EU countries, and to the EU average. Thus we proceeded to a benchmarking analysis. In order to perform an analysis of public spending efficiency for education by benchmarking at the EU level, representative indicators must be chosen in order to quantify the volume of efforts and effects. The effort of education was represented by public expenditure on education as percentage of GDP, and the effects took the form of a composite indicator consisting of 19 sub-indicators. If the public sector effort was relatively easy to quantify, the effects involve a deeper analysis and determine the limitations of this study. The conclusion is that either the level of funding in Romania is oversized compared to its effects, or resources were not used properly in accordance with the principles of performance.It would be foolhardy to suggest increased funding for education, when the analysis carried out shows that the volume of financing is not the problem, but towards the use of funds.
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Bibliographic InfoArticle provided by Lucian Blaga University of Sibiu, Faculty of Economic Sciences in its journal Studies in Business and Economics.
Volume (Year): 5 (2010)
Issue (Month): 3 (December)
Contact details of provider:
Postal: Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No.17, postal code 550324, Sibiu, Romania
Phone: 004 0269 210375
Fax: 004 0269 210375
Web page: http://economice.ulbsibiu.ro/
More information through EDIRC
public sector; education; efficiency; benchmarking;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jimenez, Emmanuel & Patrinos, Harry Anthony, 2008. "Can cost-benefit analysis guide education policy in developing countries ?," Policy Research Working Paper Series 4568, The World Bank.
- António Afonso & Ludger Schknecht & Vito Tanzi, 2008.
"Income Distribution Determinants and Public Spending Efficiency,"
2008/05, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon..
- António Afonso & Ludger Schuknecht & Vito Tanzi, 2010. "Income distribution determinants and public spending efficiency," Journal of Economic Inequality, Springer, vol. 8(3), pages 367-389, September.
- Afonso, António & Schuknecht, Ludger & Tanzi, Vito, 2008. "Income distribution determinants and public spending efficiency," Working Paper Series 0861, European Central Bank.
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