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Analysis of the Efficiency of Tertiary Education Expenditure in European Union Member States from Central and Eastern Europe: An Efficiency Frontier Approach

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  • Kristina Stefanova

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

  • Nikolay Velichkov

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

Abstract

The main purpose of this paper is to test the efficiency of tertiary education ex-penditure in European Union Member States from Central and Eastern Europe, in comparative terms, through the application of an efficiency frontier approach (Data Envelopment Analysis). The results from the study conducted show that the most efficient country with respect to tertiary education expenditure is Romania, followed by the Czech Republic, Lithuania and Slovenia. Estonia and Bulgaria are classified as the most inefficient countries in terms of tertiary education expenditure, with the largest deviation from the efficiency frontier, even though investment in the field is relatively high.

Suggested Citation

  • Kristina Stefanova & Nikolay Velichkov, 2020. "Analysis of the Efficiency of Tertiary Education Expenditure in European Union Member States from Central and Eastern Europe: An Efficiency Frontier Approach," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 18(1), pages 115-128.
    • Handle: RePEc:seb:journl:v:18:y:2020:i:1:p:115-128
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    References listed on IDEAS

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    Cited by:

    1. Gamze Sart & Yilmaz Bayar & Adrian-Gabriel Corpădean & Marius Dan Gavriletea, 2022. "Impact of ICT and Globalization on Educational Attainment: Evidence from the New EU Member States," Sustainability, MDPI, vol. 14(5), pages 1-13, March.
    2. Francesco Chelli & Mariateresa Ciommi & Francesca Mariani & Gloria Polinesi & Maria Cristina Recchioni & Giuseppe Ricciardo Lamonica & Luca Salvati, 2022. "A Story of Strengths and Weaknesses in Tertiary Education: Evaluating ‘Mobility’ and ‘Opportunities’ in OECD Countries with Composite Indicators," Sustainability, MDPI, vol. 14(24), pages 1-19, December.

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    More about this item

    Keywords

    Efficiency frontier approach; Data Envelopment Analysis; Tertiary education; Expenditure efficiency; CEE countries; EU; Comparative analysis;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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