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The education of economists in Colombia: Quality differences and its determinants

Author

Listed:
  • Jaime Andrés Sarmiento Espinel

    (Universidad Militar Nueva Granada)

  • Adriana Carolina Silva Arias

    (Universidad Militar Nueva Granada)

  • Edwin van Gameren

    (El Colegio de Mexico)

Abstract

For the standardized Test of Higher Education Quality (ECAES) taken in 2007 by undergraduate economics students in Colombia, we apply the DiNardo, Fortin, and Lemieux (1996) decomposition technique to estimate what would be the distribution of scores for student in non-accredited programs if they had had the characteristics of students in accredited programs. In particular, we evaluate in which part of the distribution individual, family, program, and institutional characteristics, respectively, have their greatest impact. The score distributions indicate better performance by accredited economics programs compared to non-accredited programs. Results suggest that individual characteristics explain the larger part of the gap, while family features contribute least. The program and institutional characteristics have opposing impacts, mainly around the mean of the score distribution. There are unexplained differences in the production process that appear more efficient in the accredited programs.

Suggested Citation

  • Jaime Andrés Sarmiento Espinel & Adriana Carolina Silva Arias & Edwin van Gameren, 2015. "The education of economists in Colombia: Quality differences and its determinants," Serie documentos de trabajo del Centro de Estudios Económicos 2015-02, El Colegio de México, Centro de Estudios Económicos.
    • Handle: RePEc:emx:ceedoc:2015-02
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    File URL: https://cee.colmex.mx/dts/2015/DT-2015-2.pdf
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    More about this item

    Keywords

    academic quality; education of economists; higher education; Colombia; ECAES; Kernel density estimation; decomposition;
    All these keywords.

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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