engleski

Using Data Envelopment Analysis To Evaluate The Efficiency Of Higher Education Expenditure In Europe

Nowadays, knowledge has become a key source of social and economic growth and prosperity. The general trend in higher education is an increase of incomes from private sources while incomes from public sources decrease. Nevertheless, incomes from public sources are still highly represented with a share of around 70% in Europe. As the interest for higher education has increased worldwide, the governments stimulate more efficient use of funds in higher education institutions (HEIs). The goal of this paper is to measure and compare the relative efficiency of higher education in 23 European countries using Data Envelopment Analysis (DEA). DEA is a linear programming approach that measures the efficiency of multiple decision-making units (DMUs) which produce multiple inputs and outputs. The research results indicate that countries with inefficient higher education can make better use of funds to improve their efficiency.

efficiency ; higher education ; data envelopment analysis ; public expenditure

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