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Estimation issues and mathematical derivation of educational production function

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

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Abstract

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.

Item Type: Article (Journal)
Additional Information: 3562/32008
Uncontrolled Keywords: Educational production function, Students’ performance, Input-output, Panel data, Endogeneit
Subjects: H Social Sciences > HB Economic Theory
L Education > L Education (General)
Kulliyyahs/Centres/Divisions/Institutes: Centre for Islamic Economics
Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User: Dr. Mohd Nahar Mohd Arshad
Date Deposited: 13 Sep 2013 09:47
Last Modified: 13 Sep 2013 09:47
URI: http://irep.iium.edu.my/id/eprint/32008

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