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2019 (1)

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Dissertation
Efficiency analysis of spending on education in OECD countries between 2006 and 2015 using Data Envelopment Analysis

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Abstract

The following pages present an attempt to describe whether there has been a significant change in the efficiency of spending on education in 34 OECD countries between 2006 and 2015 by applying a popular technique in the field - Data Envelopment Analysis. Because countries tend to have a discrepant level of development as they function under divergent conditions, we see it as inadequate to compare all the OECD countries as if they were equals. As a solution, we apply an order-m calculation to avoid the potential disturbance created by outliers and the relatively small sample size. Furthermore, the Malmquest index is calculated for all the analysed years. The following research creates as well a relation to existing literature which is presented in the Annex.

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