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Empirical Evidence of the Effectiveness of School Education

Author

Listed:
  • Evgenia Penkova

    (University of National and World Economy, Sofia, Bulgaria)

  • Alexander Valkov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The article focuses on the key role of school education as a resource of higher education and an important factor for economic development. In the search for an answer to the question can school education effectively perform these functions, key functional dependencies where the degree of achievement of the goals is related to all financial resources, the state spending stan­dards (SSP), the cohort of the employed people and their remuneration and other factors have been analyzed. The targets (weighed against qualitative parameters) have been assessed using the quality standards on two levels: national external evaluation (NEE) and international ex­ternal evaluation (PISA). This leads to the conclusion that school education has low internal efficiency and does not create a high quality product/service. This is also confirmed by the low international competitiveness of the school education results.

Suggested Citation

  • Evgenia Penkova & Alexander Valkov, 2018. "Empirical Evidence of the Effectiveness of School Education," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 19-32, October.
    • Handle: RePEc:nwe:iisabg:y:2018:i:3:p:19-32
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    More about this item

    Keywords

    effectiveness; quality; state spending standards; education network; public spending on education;
    All these keywords.

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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