Assessment of the Quality Aspects of the Efficiency of Tertiary Education Expenditure in the Member States from Central and Eastern Europe Cover Image

Оценка на качествените аспекти на ефективността на разходите за висше образование в държавите – членки от Централна и Източна Европа
Assessment of the Quality Aspects of the Efficiency of Tertiary Education Expenditure in the Member States from Central and Eastern Europe

Author(s): Kristina Stefanova
Subject(s): Politics / Political Sciences, Social Sciences, Economy, Education, Supranational / Global Economy, Economic policy, Higher Education , Fiscal Politics / Budgeting, Human Resources in Economy
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: cost efficiency; cost efficiency analysis; tertiary education; DEA (data envelopment analysis); CEE; efficiency frontier
Summary/Abstract: This paper studies the efficiency of tertiary education expenditure by a comparison between EU Member States in Central and Eastern Europe with respect to the effects related to the quality of education obtained through the application of the Data Envelopment Analysis (DEA) method. The paper introduces a new approach to measuring the outputs of tertiary education expenditure related to realization on the labour market and welfare. The results of the study show that, among seven CEE countries, EU member states, only in Romania efficiency of tertiary education expenditure is observed, while Bulgaria shows the largest deviation from the efficiency frontier.