An increasing effort has been put into dealing with the question of time-series analysis regarding institutional efficiency, including in the area of higher education. Universities are important institutions for economies and societies and are expected to provide excellence as well as efficiency in their processes and outputs. This is reflected in…

The agenda for national development requires a persistent improvement in education as a tool for creating knowledgeable human capital, highly skilled labour, a high technology society and ultimately a highly civilized nation for the future challenging world. It requires considerable financial and technical investment as well as effective and…

Applies data envelopment analysis to measure value added in Master of Business Administration education in the United States. Highlights the MBA program as an example of a value-adding process in education, and demonstrates how such programs' efficiency in providing value to students may be evaluated. The top 20 MBA programs resemble the second 20…

Uses simulated data to assess the adequacy of two econometric and linear-programming techniques (data-envelopment analysis and corrected ordinary least squares) for measuring performance-based school reform. In complex data sets (simulated to contain measurement error and endogeneity), these methods are inadequate efficiency measures. (Contains 40…

Fundamental tax reform is examined in an overlapping-generations model in which heterogeneous agents face idiosyncratic wage shocks and longevity uncertainty. A progressive income tax is replaced with a flat consumption tax. If idiosyncratic wage shocks are insurable (i.e., no risk), this reform improves (interim) efficiency, a result consistent…

Large changes in educational composition of the Netherlands labor force in the past two decades have produced marked changes in the distribution of individuals by education level across job levels. Undereducation has been reduced, and overeducation has been increased. The latter situation does not imply inefficiency because even years of…

Recent literature on Brazilian educational finance has documented low expenditure levels and problems of efficiency, efficacy, and equity. This paper analyzes financial data from Bahia state "municipios" and examines revenue and expenditure trends to explain variations in financial commitment across "municipios." Local interest…

Examines production and cost structures of 28 Turkish universities to estimate their economies of scale and scope. Estimates multiproduct cost functions for teaching and research, examining social, health, and engineering sciences departments across 186 college faculties. Average incremental and marginal costs are highest for graduate instruction…

Explores whether observed levels of educational attainment and expenditure per student are endogenously determined by schools' optimizing behavior in resource-allocation decisions, considering both supply- and demand-side factors. This process can generate patterns of expenditure per student in line with empirical findings. Difficulties with…

Evaluates efficiency of a sample of Spanish secondary schools, focusing on the measurement model's theoretical specification and the "ex post" analysis of results. Highlights characteristics that differentiate the most efficient schools from the least efficient. Stresses the importance of employing information supplied by both…

Procedures are described for studying the reliability of decisions based on specific passing scores with tests made up of discrete items and designed to measure continuous rather than categorical traits. These procedures are based on the estimation of the joint distribution of true scores and observed scores. (CTM)

Presents rates of return to educational investment in former Yugoslavia by region, by education level, by gender, and for society and the individual. The private rates of return are higher than the social rates. Rates of return decrease with the stock of educational capital and with economic development. Socialism's effects on rates of return are…

Statistical sources demonstrate negative effects on educational spending in Canada in the 1990s, due to policies adopted in response to a severe recession and ballooning federal and provincial deficits. Massive restructuring (centralization and district consolidation) is occurring to increase efficiency. Retrenchment will probably be completed by…

Examines the economic rationale for vocationalizing secondary education in China by comparing vocational education graduates' and general education graduates' performance in the workplace. Using Beijing Auto Industry Company data, the study found that vocational-technical education graduates engaged in factory work relevant to their previous…

A general equilibrium schooling model shows that greater school efficiency is complementary with more equal opportunity, increased overall learning, more integration, stable teacher salaries, and fewer course preparations per teacher. Transferring students to area schools with curricula suited to their abilities would secure these ends. (Contains…