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Education is a fundamental factor to enhance a country’s comprehensive national strength and international competitiveness. Recently, several governments have been attracting investments in educational sectors in contemplation of meliorating a country’s overall strength. This study empirically assesses and compares the educational efficiency of 29 major countries across the world using panel data for 2010–2016 by employing data envelopment analysis (DEA) and the super-slacks-based measure (super-SBM) model at the static level combined with the Malmquist index (MI) to investigate educational efficiency at the dynamic level. The results indicate, inter alia, huge average education efficiency differences existed among the studied countries, the highest being Japan (3.2845) and lowest Norway (0.4137), there are differences in the bias of technological progress among the studied countries during the sample period and technological progress directly affects the sustainability of educational efficiency, the growth rate of total factor productivity (TFP) index has been reduced in 2010–2013 but increased in 2014–2016 and techno-logical progress has been the dominant factor influencing the rise of the education TFP index. Based on the results, this study identifies the merits and drawbacks of education efficiency across the sample countries and presents relevant recommendations to promote investment in the education sector and human capital
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Paul Davidson
Prof.
Alternative spellings: Paul J. Davidson P. J. Davidson P. Davidson
B:23. Oktober 1930New York, NY D: 20. Juni 2024 Biblio: Hrsg. des "Journal of Post Keynesian Economics" ; Tätig an der Univ. of Tennessee; tätig am Dep. of Law, Carleton Univ., Ottawa, Ontario, Kanada und tätig am Asian Pacific Research and Resource Centre ; Senior Fellow am Schwartz Center for Economic Policy Analysis at New School University, New York, USA
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Paul Davidson (born October 23, 1930) is an American macroeconomist who has been one of the leading spokesmen of the American branch of the post-Keynesian school in economics. He is a prolific writer and has actively intervened in important debates on economic policy (natural resources, international monetary system, developing countries' debt) from a position critical of mainstream economics. Davidson identified the six key elements of Post Keynesian school as 1.
* commitment to historical time 2.
* uncertainty as the relevant background assumption for decision makers 3.
* institutional determination of prices and wages 4.
* the central relevance of distribution of income and wealth 5.
* the requirement that real capital is malleable and reflects time-based experience 6.
* that income effects dominate substitution effects (Source: DBPedia)
Paul Davidson (born October 23, 1930) is an American macroeconomist who has been one of the leading spokesmen of the American branch of the post-Keynesian school in economics. He is a prolific writer and has actively intervened in important debates on economic policy (natural resources, international monetary system, developing countries' debt) from a position critical of mainstream economics. Davidson identified the six key elements of Post Keynesian school as 1.
* commitment to historical time 2.
* uncertainty as the relevant background assumption for decision makers 3.
* institutional determination of prices and wages 4.
* the central relevance of distribution of income and wealth 5.
* the requirement that real capital is malleable and reflects time-based experience 6.
* that income effects dominate substitution effects (Source: DBPedia)
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Publishing years
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2018
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2016
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Series
SpringerLink / Bücher (2)
Great thinkers in economics series (2)
Edward Elgar E-Book Archive (2)
New directions in Post-Keynesian economics (1)
New directions in post-Keynesian economics (1)
Great thinkers in economics (1)
Collected writings of Paul Davidson (1)
Controversy: the macroeconomics of unemployment in the OECD (1)