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Qualitative Efficiency Assessment of Markets: An Institutional Approach to Training

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  • Mark Schonewille

    (University of Nijmegen)

Abstract

We investigate the effect of institutions on efficiency of training markets. After setting up a theoretical institutional framework that shows how institutions affect efficiency, we apply this framework to the real world. An empirical analysis of institutions affecting training markets will enable us to determine the institutional efficiency of these markets, under the assumption that a positive relationship exists between efficiency and productivity. Finally, we compare institutional efficiency scores of national training markets to other measures of productivity and ask whether a particular set of institutions maximises efficiency.

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File URL: http://128.118.178.162/eps/hew/papers/0405/0405006.pdf
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Bibliographic Info

Paper provided by EconWPA in its series HEW with number 0405006.

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Length: 33 pages
Date of creation: 31 May 2004
Date of revision:
Handle: RePEc:wpa:wuwphe:0405006

Note: Type of Document - pdf; pages: 33. This is a preliminary version.
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Web page: http://128.118.178.162

Related research

Keywords: institutions; vocational training; continuing education; labour markets; productivity; efficiency; production frontier;

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  1. Daron Acemoglu & Jorn-Steffen Pischke, 1998. "Beyond Becker: Training in Imperfect Labor Markets," NBER Working Papers 6740, National Bureau of Economic Research, Inc.
  2. J.A. Bikker, 2003. "Efficiency and Cost Differences across Countries in a Unified EuropeanBanking Market," DNB Staff Reports (discontinued) 87, Netherlands Central Bank.
  3. Ann P. Bartel, 1991. "Productivity Gains From the Implementation of Employee Training Programs," NBER Working Papers 3893, National Bureau of Economic Research, Inc.
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