University of York Beijing Normal University The efficiency of the process of investment in human capital through education is of considerable importance both to the individuals involved and to the wider economy. The paper develops an analytical framework in which issues of the efficiency of...

Rather than being a random unpredictable event, the break-up of an equity joint venture after a finite time can be modelled as the predictable consequence of underlying economic parameters under conditions of complete certainty. The paper examines the impact of a range of important economic...

With the expanding of higher education in China from 1999, more and more youngsters are able to invest in higher education, resulting a high unemployment rate for higher education graduates and more and more graduates employed in non-graduate position, while the analysis upon risk and return to...

This paper examines the impact of competition in the markets for teachers and for housing on the long-standing issue of the influence of school resourcing on educational attainment. The existence of such competition is found to imply not only downward bias in many earlier empirical estimates of...

One method of pursuing efficiency in the public sector has been the publication of performance indicators for individual agencies. It is often unclear how these indicators should be interpreted in isolation. This paper uses data envelopment analysis to show how the data underlying performance...

The BLU properties of OLS estimators under known assumptions have encouraged the widespread use of OLS multivariate regression analysis in many empirical studies that are based upon a conceptual model of a single explanatory equation. However, such a model may well be an imperfect empirical...

The rapid expansion of China's higher education system in recent years has exceeded China's high rate of economic growth and produced a problem of overeducation and undereducation, defined respectively as whether graduates obtain jobs whose educational requirements are commensurate with their...