Efficiency of Tertiary Education Expenditure in CEE Countries : Data Envelopment Analysis

This paper studies the efficiency of tertiary education expenditure in the EU Member States from Central and Eastern Europe in comparative terms. For this purpose, the method of Data Envelopment Analysis that can be classified as non-parametric is used. The efficiency is investigated via three models due to the different character of output results of tertiary education that could be direct and indirect. The results from the conducted study have shown that Latvia is the most efficient country in comparative perspective in the area of the tertiary education expenditure and achieved direct and indirect output results