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Estimation issues and mathematical derivation of educational production function

A critical assessment of the extant literature of educational production function is discussed in this paper. The discussion covers two important aspects of research development in the area. First, the various approaches used in the estimation of educational production functions, their strengths and...

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Main Author: Mohd Arshad, Mohd Nahar
Format: Article
Language:English
Published: IIUM 2012
Subjects:
HB Economic Theory
L Education (General)
Online Access:http://irep.iium.edu.my/32008/2/224-362-1-SM.pdf
http://irep.iium.edu.my/32008/
http://iium.edu.my/enmjournal/index.php/enmj/article/view/224/167
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spelling my.iium.irep.320082013-09-13T01:47:45Z http://irep.iium.edu.my/32008/ Estimation issues and mathematical derivation of educational production function Mohd Arshad, Mohd Nahar HB Economic Theory L Education (General) A critical assessment of the extant literature of educational production function is discussed in this paper. The discussion covers two important aspects of research development in the area. First, the various approaches used in the estimation of educational production functions, their strengths and weaknesses, are analysed. The main objective of the exercise is to arrive at a shared understanding of the appropriate approach to modelling an educational production function. Second, the general relationship between the input and the output of education is identified from the extant literature. An identification of the relationship is instrumental in terms of variable selection for an empirical study. Once the underlying issues related to the estimation of educational production function are recognised, the derivation of three mathematical models of the function that can be applied in empirical works is provided. IIUM 2012-06 Article REM application/pdf en http://irep.iium.edu.my/32008/2/224-362-1-SM.pdf Mohd Arshad, Mohd Nahar (2012) Estimation issues and mathematical derivation of educational production function. International Journal of Economics, Management And Accounting, 20 (2). pp. 149-186. ISSN 0128-0006 http://iium.edu.my/enmjournal/index.php/enmj/article/view/224/167
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HB Economic Theory
L Education (General)
spellingShingle HB Economic Theory
L Education (General)
Mohd Arshad, Mohd Nahar
Estimation issues and mathematical derivation of educational production function
description A critical assessment of the extant literature of educational production function is discussed in this paper. The discussion covers two important aspects of research development in the area. First, the various approaches used in the estimation of educational production functions, their strengths and weaknesses, are analysed. The main objective of the exercise is to arrive at a shared understanding of the appropriate approach to modelling an educational production function. Second, the general relationship between the input and the output of education is identified from the extant literature. An identification of the relationship is instrumental in terms of variable selection for an empirical study. Once the underlying issues related to the estimation of educational production function are recognised, the derivation of three mathematical models of the function that can be applied in empirical works is provided.
format Article
author Mohd Arshad, Mohd Nahar
author_facet Mohd Arshad, Mohd Nahar
author_sort Mohd Arshad, Mohd Nahar
title Estimation issues and mathematical derivation of educational production function
title_short Estimation issues and mathematical derivation of educational production function
title_full Estimation issues and mathematical derivation of educational production function
title_fullStr Estimation issues and mathematical derivation of educational production function
title_full_unstemmed Estimation issues and mathematical derivation of educational production function
title_sort estimation issues and mathematical derivation of educational production function
publisher IIUM
publishDate 2012
url http://irep.iium.edu.my/32008/2/224-362-1-SM.pdf
http://irep.iium.edu.my/32008/
http://iium.edu.my/enmjournal/index.php/enmj/article/view/224/167
_version_ 1643610109958422528
score 13.211869

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