The paper analyses the nature of the achievement possibility frontier between research and teaching quality in higher education under a system of quality evaluation by reference to discrete quality grades. It finds several important reasons why the associated feasible set is likely to be...

Whilst joint ventures offer a potentially attractive form of corporate and industrial organisation, they also experience high rate of break-up within ten years from their initial formation. In this paper, we model this process not as an uncertain random event, but rather as the predictable...

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...

Improving the educational outcomes which schools achieve in the primary and secondary education sectors has become a central public policy goal, to which large sums of public money have been devoted. Being able to estimate the educational production function between pupil educational...

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...

Public expenditure decisions increasingly require demonstratable benefits from each area of expenditure. At the same time, investment in human capital represents a form of investment in which individuals typically bear considerable specific, as well as systematic, risks regarding future returns...

The paper examines several outstanding issues on the interface between the measurement of performance in primary and secondary education and the management of improved performance in this nationally important sector. These issues relate to the clarification of the objectives of the education...