Education and sustainable economic growth - a theoretical approach of measuring efficiency in education Online publication date: Fri, 05-Feb-2016
by Charalambos N. Louca; Aliki Demosthenous
International Journal of Sustainable Agricultural Management and Informatics (IJSAMI), Vol. 1, No. 3, 2015
Abstract: This paper underpins the discussion around the theories of measuring efficiency in education, arising from the fact that education and human capital contribute to economic growth. The regional economic growth is directly related to the efficient and effective education of the human resources as well as to the efficient investments in human capital. The socio-economic and cultural dimensions of education as well as the contribution of education and human capital to economic growth are discussed. Also, different models in the theory of human capital are presented. The paper ends up by discussing the stochastic non-parametric envelopment of data (StoNED), as a method of productive efficiency analysis, and its branches, the non-parametric data envelopment analysis (DEA) and the parametric stochastic frontier analysis (SFA).
Online publication date: Fri, 05-Feb-2016
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Sustainable Agricultural Management and Informatics (IJSAMI):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email firstname.lastname@example.org