Please use this identifier to cite or link to this item: http://hdl.handle.net/10773/26105
Title: About the financial efficiency of the Iberian Peninsula education
Author: Murillo, K.
Rocha, E.
Keywords: Iberian Peninsula education trends
Impact of the economy on the education
Private educational institutions
Technical efficiency analysis
Issue Date: 2019
Publisher: IATED
Abstract: This work examines the financial efficiency of private institutions of secondary and higher education in the Iberian Peninsula, during the period 2013-2016. In particular, we study the evolution of 117 Portuguese institutions and 1885 Spanish institutions. To this end, we analyze the evolution of financial statements of each institution regarding its efficiency at three distinct stages: efficiency levels; efficiency patterns; and efficiency determinants. We use a nonparametric method that allows us to investigate changes in the institutions' efficiency standards, namely a model based on the Multidirectional Efficiency Analysis (MEA) in combination with other mathematical techniques, such that principal component analysis, clustering analysis and accumulated effort. The study allows a parallel between Spain and Portugal, characterizing the behavior of the educational levels after the financial crisis that Europe suffered in mid-2008. Our results indicate which are the levels of education that are more efficient and those that are less efficient, and which improvements could be applied to propose more effective measures according to other European experiences. The results show that Spanish higher education is more efficient than Portuguese one and the same conclusion can be inferred, with a lower degree, for the secondary education, except in 2016. Looking to higher versus secondary education, secondary education presents the biggest resource management inefficiency. Cluster analysis was applied to avoid the disparity of data in Spain. In 2015, Spain cluster 1 presents the greatest difference between the accumulated efforts of the two education levels. In contrast, Spain cluster 2 attains the smallest difference.
Peer review: yes
URI: http://hdl.handle.net/10773/26105
DOI: 10.21125/inted.2019.1504
ISBN: 978-84-09-08619-1
ISSN: 2340-1079
Publisher Version: https://library.iated.org/view/MURILLO2019ABO
Appears in Collections:CIDMA - Comunicações
FAAG - Comunicações

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