Mohammed Benlebbad
https://orcid.org/0009-0000-5767-3263
A COMPARATIVE STUDY OF DEMAND MOTIVES IN EDUCATION AND KNOWLEDGE PRODUCTION USING DATA ENVELOPMENT ANALYSIS (DEA)
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Language: English
Abstract. Education serves as the primary avenue for preparing, training, and empowering individuals, endowing them with the necessary skills for continuous innovation and creativity. It plays a pivotal role in furnishing society with the competencies required to effectively fulfill responsibilities and undertake developmental endeavors. Crucially, education enhances the cognitive capacities of individuals, enabling them to actively and competently engage in the knowledge-based society and the ongoing information revolution. This research aims to underscore the economic significance of education, highlighting that expenditures on education constitute not mere consumption but rather investments yielding substantial economic and social dividends and have a great importance in the production of knowledge. The findings of this study substantiate multiple economic benefits of education. On an individual level, a direct correlation exists between educational attainment and personal income. Moreover, education fosters heightened worker productivity, thereby contributing to a discernible upsurge in the gross national product. At the macro level, employing the method of Data Envelopment Analysis, we assessed economic efficiency across 49 countries worldwide. The study reveals that, on average, efficiency, assuming variable returns to scale (TEVRS), stood at 88.7%. Particularly noteworthy is the discovery that 14 countries, constituting 28.6% of the sample, attained maximum efficiency.
Keywords: education, human capital, economic returns to education, efficiency, Data Envelopment Analysis.
Keywords: education, human capital, economic returns to education, efficiency, Data Envelopment Analysis.
https://doi.org/10.32987/2617-8532-2024-2-5-17
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13. Benlebbad, M. (2018). Education Expenditures in Algeria between Rationalization and the Effective Role in Sustainable Development. University of Abou bakr Belkaid.
2. Holden, L., & Biddle, J. (2017). The Introduction of Human Capital Theory into Education Policy in the United States. History of Political Economy, 49(4), 537-574. DOI: https://doi.org/10.1215/00182702-4296305.
3. Teixeira, P. N. (2014). Gary Becker’s Early Work on Human Capital – Collaborations and Distinctiveness. IZA Journal of Labor Economics, 3, 12. DOI: https://doi.org/10.1186/s40172-014-0012-2.
4. Devadas, U. M. (2015). Comprehensive Literature Review on Human Capital Investments Theory: What’s in it? Kelaniya Journal of Human Resource Management, 10(1-2), 20-44. DOI: https://doi.org/10.4038/kjhrm.v10i1-2.19.
5. Chiswick, B. R. (2003). Jacob Mincer, Experience and the Distribution of Earnings. IZA Discussion Papers, 847. Institute of Labor Economics (IZA). DOI: http://dx.doi.org/10.2139/ssrn.435260.
6. Galiakberova, A. A. (2019). Conceptual Analysis of Education Role in Economics: The Human Capital Theory. Journal of History Culture and Art Research, 8(3), 410-421. DOI: https://doi.org/10.7596/taksad.v8i3.2256.
7. Farouk, A. (2012). The economics of education, solid principles and modern trends (3rd ed.). Jordan: Dar Al-Masirah.
8. Ali, A. (2001). Foundations of the Relationship between Education, the Labor Market, and Measuring Investment Returns. Kuwait: Arab Planning Institute.
9. Ammar, H. (1999). Studies in Education and Culture, in Human Development and Education for the Future (1st edition ed.).
10. İçöz, C., & Harun, S. (2015). Measuring the Relative Efficiencies of Statistics Departments in Turkey Using Data Envelopment Analysis. Alphanumeric Journal, 3(1), 41-50. DOI: https://doi.org/10.17093/aj.2015.3.1.5000105942.
11. Fotova Čiković, K., Martinčević, I., & Lozić, J. (2022). Application of Data Envelopment Analysis (DEA) in the Selection of Sustainable Suppliers: A Review and Bibliometric Analysis’. Sustainability, 14(11), 6672. DOI: https://doi.org/10.3390/su14116672.
12. Sarar, Y., & Zakai, D. (2010). An Attempt to Measure the Efficiency of University Educational Institutions Using the DEA. Conference: Appreciating the role of the Algerian University in responding to the requirements of the labor market and keeping pace with local development aspirations. University of Djelfa.
13. Benlebbad, M. (2018). Education Expenditures in Algeria between Rationalization and the Effective Role in Sustainable Development. University of Abou bakr Belkaid.