A. Jakaitienė, S. Raižienė, D. Stumbrienė, J. Vaitekaitis, A. Žilinskas
EWEPA 2019, 30th Anniversary of the European Workshop on Efficiency and Productivity Analysis, 2019 m. birželio 10-13 d., Londonas, Anglija.
Abstract. The terms of economic efficiency and productivity are gradually being embedded in the daily vocabulary of education policy makers around the world. Quantification of education done right promises higher quality with less recourses. The studies on education efficiency are focused exclusively on primary, secondary or tertiary educational stages. However, this type of assessments only provides partial views of the education system. For the estimation of efficiency and effectiveness we included the input and output indicators of each education level in the models. As a result we obtain a more wide-ranging assessment of national educational systems. In the analysis we use publicly available annual data collected for 29 European countries from EUROSTAT and OECD. We apply data envelopment analysis, stochastic frontier analysis and free disposal hull for effectiveness and efficiency estimation. No prior assumptions are made or expert judgements included. The application of empirical models for assessing the effectiveness and efficiency of education systems can also open the door to the study of their determinants, and consequently have interesting implications for education policy.