The attempt to include the time variable in a production function of education is often plagued by the lack of attention paid to the different dimensions of time (such as amount, dispersion and intensity). This study investigates the importance of time in contributing to the efficiency of the...

Despite internal conflict and the global financial crisis, Sri Lanka has made remarkable progress in the past decade, enjoying healthy economic growth and substantially reducing poverty. Moreover, Sri Lankans are the best-educated people in South Asia: the country has a 98 percent literacy rate,...