The efficiency of the tertiary education in selected European countries: Focus on Visegrad Group

Abstract

The European tertiary education is mostly financed by government. The ratio of public expenditure on the total expenditure on tertiary education is 76 % in Visegrad Group. Therefore we focused on measuring the efficiency of tertiary education in selected European countries with focus on Visegrad Group. We used DEA methodology and constructed four output-oriented models. Overall rating showed Poland on 6th place, Hungary on 15th, the Czech Republic on 16th and Slovakia on 17th. Results showed important information about managing the outputs. On the other hand, it is necessary to do other deeper analysis (e.g. increasing the number of graduates and its impact on the labor market and the economy of the country).