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The new kids on the block: The entry of private business schools in transition economies

Author

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  • Evan Kraft
  • Milan Vodopoviec

Abstract

When the transition to market economy began, there was an unsatisfied demand for business education. A supply response has occurred, but business education is still developing. The authors argue that private schools can help mobilize resources and increase the quality and accessibility of business education. Drawing on surveys covering 15 transition countries, the authors find that business studies have grown rapidly during the transition. Formal legal barriers to entry generally are low, but resistance to entry by government and state schools represents a major obstacle. While overall assessments of the relative quality of private business schools vary, private schools are found to have more favorable class sizes, teaching methods, curricula, real-life applications and teacher effort, and seem less subject to corruption.

Suggested Citation

  • Evan Kraft & Milan Vodopoviec, 2003. "The new kids on the block: The entry of private business schools in transition economies," Education Economics, Taylor & Francis Journals, vol. 11(3), pages 239-257.
  • Handle: RePEc:taf:edecon:v:11:y:2003:i:3:p:239-257
    DOI: 10.1080/0964529032000178437
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    Citations

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    Cited by:

    1. Pavel Ciaian & Jan Pokrivcak, 2005. "Why Some Sectors of Transition Economies are less Reformed than Others? The Case of Research and Education," EERI Research Paper Series EERI_RP_2005_02, Economics and Econometrics Research Institute (EERI), Brussels.
    2. Besancenot, Damien & Faria, João Ricardo, 2010. "Good research and bad teaching? A business school tale," Research in Economics, Elsevier, vol. 64(2), pages 67-72, June.
    3. Vodopivec, Milan, 2004. "A Simulation of an Income Contingent Tuition Scheme in a Transition Economy," IZA Discussion Papers 1247, Institute for the Study of Labor (IZA).

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