Effectiveness of Public Spending on Tertiary Education: The Case of the Slovak Republic

Abstract:

Public tertiary education systems in the EU Member States are studied by comparing used resources with education and research outputs and outcomes. Efficiency in public tertiary education systems across EU countries and OECD countries is assessed with data analysis. Moreover, evidence is provided that public spending on tertiary education is more effective in what concerns labour productivity growth and employability when it is coupled with efficiency. The aim of this paper is to show the effectiveness of public spending on tertiary education in Slovakia. The paper contains only the partial results of our research. Delivering efficiency and value for money is an absolute operational priority. All stakeholders rightly expect efficient use of resources and in the current investment to maintain excellence mainly in tertiary education will often come through such efficiencies.

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