Download or read book The Economic Benefits of Improving Efficiency in Public Spending on Education in the European Union written by Peter Voigt and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Efficiency and Effectiveness of Public Expenditure on Tertiary Education in the EU written by European Commission. Directorate-General for Economic and Financial Affairs and published by . This book was released on 2010 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. Introduction - 2. Lessons from the literature - 3. Main trends and performance in tertiary education - 4. Mapping performance with institutions: lessons from country experience - 5. Reform fo tertiary education in the EU - 6. Summary and policy conclusions - 7. Statistical annex - 8. References.
Download or read book Efficiency and Effectiveness of Public Expenditure on Tertiary Education in the EU written by and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Hybrid Approach to Estimating the Efficiency of Public Spending on Education in Emerging and Developing Economies written by Francesco Grigoli and published by International Monetary Fund. This book was released on 2014-01-30 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The measurement of the efficiency of public education expenditure using parametric and non-parametric methods has proven challenging. This paper seeks to overcome the difficulties of earlier studies by using a hybrid approach to measure the efficiency of secondary education spending in emerging and developing economies. The approach accounts for the impact of the level of development on education outcomes by constructing different efficiency frontiers for lower- and higher-income economies. We find evidence of large potential gains in enrollment rates by improving efficiency. These are largest in lower-income economies, especially in Africa. Reallocating expenditure to reduce student-to-teacher ratios (where these are high) and improving the quality of institutions (as measured by the "governance effectiveness" indicator in the World bank's Governance Indicators database) could help improve the efficiency of education spending. Easing the access to education facilities and reducing income inequality (as measured by the Gini coefficient) could also help improve efficiency.
Download or read book Quality and Efficiency in Education written by European Commission. Directorate-General for Economic and Financial Affairs and published by . This book was released on 2005 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Efficiency of Public Spending on Education written by Tommaso Agasisti and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent policy suggestions from the European Community underlined the importance of “efficiency” and “equity” in the provision of education while, at the same time, the European countries are required to provide their educational services by minimizing the amount of public money devoted to them. In this paper, an empirical study compares the spending efficiency on education in 20 European countries during the period 2006-2009. OECD-Pisa test scores are used as output, while the “expenditure per student” has been used as the input. The efficiency scores are calculated via a bootstrap Data Envelopment Analysis (DEA) procedure. In a second stage, the efficiency scores are regressed against a set of context variables, which represent the different socio - economic settings (e.g., GDP per capita, unemployment rate, etc.) as well as some important “structural” characteristics of the educational systems. Teachers' salaries and internet usage (as a proxy for technological “literacy”) play a positive role in affecting educational performance, while GDPpc is negatively related to efficiency. Lastly, Malmquist indexes are calculated to measure the change in efficiency in the period 2006-2009; the results showed that the average efficiency remained basically stable in the period.
Download or read book The Impact on Growth of Higher Efficiency of Public Spending on Schools OECD Economics Department Working Papers written by Frederic Gonand and published by . This book was released on 2007 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the impact on economic growth of increased efficiency of public spending in primary and lower-secondary education. Higher efficiency in public spending in schools can bolster growth through two main channels. On the one hand, it can allow a transfer of labour from the public sector to the business sector at unchanged educational output. On the other, it can enhance educational output and productivity of the future labour force at unchanged public employment and expenditures. The paper argues that, in most cases, efficiency gains might have larger effects on GDP in the long run if they are used to increase educational outputs rather than to reduce inputs. A 10% increase on educational output might raise GDP by, on average, 3% to 6% in the long run in most OECD countries, whereas using efficiency gains to transfer resources to the business sector might have an impact of less than 1% on GDP. However, some trade-off can appear in the short run because input-decreasing efficiency gains materialise more rapidly on growth than improvements in output-increasing efficiency. (A bibliography is included. Contains 12 footnotes, 3 figures and 2 tables.).
Download or read book The impact on growth of higher efficiency of public spending on schools written by Frédéric Gonand and published by . This book was released on 2007 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Study on the Efficiency and Effectiveness of Public Spending on Tertiary Education written by and published by . This book was released on 2009 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of the study is to assess efficiency in public tertiary education systems across EU countries plus Japan and the US with semi-parametric methods and stochastic frontier analysis. The study identifies a core group of efficient countries. A good quality secondary system, output-based funding rules, institutions' independent evaluation and staff policy autonomy are positively related to efficiency. Moreover, the study provides evidence that public spending on tertiary education is more effective in what concerns labour productivity growth and employability when it is coupled with efficiency."--Publication information page.
Download or read book Strengthening Public Expenditure Efficiency Investment and Social Spending in Bulgaria written by Mr. Jean-Jacques Hallaert and published by International Monetary Fund. This book was released on 2022-05-27 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: The scope for increasing public spending to meet Bulgaria’s development needs is limited by low revenue. Increasing the efficiency of spending is, therefore, crucial. This paper discusses how this can be achieved in four areas (public investment, social protection, health, and education). The methodology is based on a triple benchmarking. First, the level of public expenditure in each category is compared to other European countries. Second, the impact of spending is assessed against other European countries. Third, the input mix is analyzed to understand what components are responsible for the level of spending and for the quality of outcomes. Based on these results, the paper provides policy options for expenditure reform.
Download or read book Economists Musings on Human Capital Investment written by and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we perform stochastic frontier analyses to assess the quality of public spending on education in Europe. To measure the corresponding efficiency, three dimensions are taken into account: (1) quantity (tertiary educational attainment), (2) quality (PISA scores in the area of science), and (3) inclusiveness (proxied by the inverse of young people not in employment, training or education (NEET rates)). All EU Member States are covered over the period 2002 - 2015. Based on pooled and fixed effects regressions, the EU Member States' efficiency scores are assessed both with a view at an EU-wide frontier to allow for cross-country comparisons as well as concerning country-specific frontiers to identify individual trends and possibly remaining deficiencies. The results reveal that some Member States manage to achieve high efficiency in all observed output dimensions 'quantity', 'quality' and 'inclusion', such as e.g. the Netherlands and the United Kingdom - which implies that there is not necessarily a trade-off between the individual output dimensions. Evidence suggests, moreover, that most Member States made remarkable progress over time in terms of efficient use of public resources in reaching large numbers of highly educated young adults. With a view at quality and inclusiveness of public spending on education, however, in many Member States seems to remain still room (and need) for further improvements.
Download or read book The Quality of Public Expenditures in the EU written by European Commission. Directorate-General for Economic and Financial Affairs and published by . This book was released on 2012 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: Composition and quality of public expenditures in the EU - Improving the efficiency of public expenditure - Growth-enhancing and high-quality expenditure in the EU budgetary framework - A way forward for the assessment of quality of public expenditures in the EU.
Download or read book The Political Economy of Public Spending on Education Inequality and Growth written by Mark Gradstein and published by World Bank Publications. This book was released on 2003 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public provision of education has often been perceived as universal and egalitarian, but in reality it is not. Political pressure typically results in incidence bias in favor of the rich. The author argues that the bias in political influence resulting from extreme income inequalities is particularly likely to generate an incidence bias, which we call social exclusion. This may then lead to a feedback mechanism whereby inequality in the incidence of public spending on education breeds higher income inequality, thus generating multiple equilibria: with social exclusion and high inequality; and with social inclusion and relatively low inequality. The author also shows that the latter equilibrium leads to higher long-run growth than the former. An extension of the basic model reveals that spillover effects among members of social groups differentiated by race or ethnicity may reinforce the support for social exclusion.
Download or read book Human Capital in Growth Regressions written by Angel de la Fuente and published by . This book was released on 2000 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economic Benefits of Improving Educational Achievement in the European Union written by and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Few people doubt that education is valuable for individuals and that a well-educated society benefits each country. But many do not fully understand the magnitude of impact of high-quality education on economic wellbeing. This report provides an analysis of the economic benefits of educational improvement for each of the EU countries. The analysis focuses on the relationship between educational achievement (as measured by scores on the Programme for International Student Assessment (PISA)) and the longrun growth of nations. Prior research shows that test scores serve as a good proxy for the skills of a nation's workforce and that three-quarters of the variation in long-run growth rates across countries can be attributed to these quantitative measures of educational outcomes.
Download or read book Public Financing of Education in EU Countries written by and published by . This book was released on 2013 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This policy reports aims at : 1) reviewing the composition and trends in education expenditure (both private and public) in the EU with special attention paid to the impact of the current economic and financial crisis ; 2) briefly reporting on the impact of the country{OCLCbr#D0}’s demographic structure on government education spending ; 3) approaching the issue of quality of education expenditure in the context of efficiency, adequacy and equity presenting a methodology for the disaggregation of government education spending ; and 4) presenting a possible way forward to contribute enhancing the efficiency of education expenditure.
Download or read book Mobilizing Resources for Education and Improving Spending Effectiveness written by Samer Al-Samarrai and published by . This book was released on 2019 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper looks at how countries have mobilized additional resources for education and assesses their impact on access and learning outcomes, using the World Bank's new Learning-Adjusted Years of Schooling measure. The paper shows that global spending on education has risen significantly over the past two decades, although spending as a share of gross domestic product has remained relatively unchanged, at about 4.5 percent. However, global trends mask large differences across regions and country income groups. For example, low-income countries recorded the largest increases in terms of the share of GDP spent on education, but the absolute amount they devoted to education remained low compared to other countries. Economic growth has been the main driver of increases in public education spending. Yet, countries that achieved the largest and most rapid spending increases did this through a combination of increases in overall government revenues, a greater prioritization of education in the government budget as well as healthy economic growth. Increases in public education spending did not generally result in major improvements in average education outcomes. Using the available data, the paper shows that a doubling of government spending per child led to an increase in learning-adjusted years of schooling of only half a year. Preliminary findings also show that countries with lower efficiency and spending are expected to get the most from increases in spending in improved education outcomes. The paper concludes by outlining an approach that allows countries to assess their potential for increasing education funding and the expected effects on their education outcomes, based on benchmarks drawing from the data of comparable countries. It also underscores the urgent need to improve data on public education spending and education outcomes, to extend this analysis to cover a wider set of countries and increase the robustness of country-level benchmarks.
