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Qualitative Efficiency Assessment of Markets: An Institutional Approach to Training


  • Mark Schonewille

    (University of Nijmegen)


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.

Suggested Citation

  • Mark Schonewille, 2004. "Qualitative Efficiency Assessment of Markets: An Institutional Approach to Training," HEW 0405006, EconWPA.
  • Handle: RePEc:wpa:wuwphe:0405006
    Note: Type of Document - pdf; pages: 33. This is a preliminary version.

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    References listed on IDEAS

    1. J.A. Bikker, 2001. "Efficiency and cost differences across countries in a unified European banking market," Research Series Supervision (discontinued) 34, Netherlands Central Bank, Directorate Supervision.
    2. Ann P. Bartel, 1991. "Productivity Gains From the Implementation of Employee Training Programs," NBER Working Papers 3893, National Bureau of Economic Research, Inc.
    3. Acemoglu, Daron & Pischke, Jorn-Steffen, 1999. "Beyond Becker: Training in Imperfect Labour Markets," Economic Journal, Royal Economic Society, vol. 109(453), pages 112-142, February.
    4. repec:mes:jeciss:v:21:y:1987:i:1:p:528-530 is not listed on IDEAS
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    More about this item


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

    JEL classification:

    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H4 - Public Economics - - Publicly Provided Goods
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • I2 - Health, Education, and Welfare - - Education
    • J4 - Labor and Demographic Economics - - Particular Labor Markets

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