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Qualitative Efficiency Assessment of Markets: An Institutional Approach to Training

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  • Mark Schonewille

    (University of Nijmegen)

Abstract

We investigate the effect of institutions on efficiency of training markets. After setting up a theoretical institutional framework that shows how institutions affect efficiency, we apply this framework to the real world. An empirical analysis of institutions affecting training markets will enable us to determine the institutional efficiency of these markets, under the assumption that a positive relationship exists between efficiency and productivity. Finally, we compare institutional efficiency scores of national training markets to other measures of productivity and ask whether a particular set of institutions maximises efficiency.

Suggested Citation

  • Mark Schonewille, 2004. "Qualitative Efficiency Assessment of Markets: An Institutional Approach to Training," HEW 0405006, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwphe:0405006
    Note: Type of Document - pdf; pages: 33. This is a preliminary version.
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/hew/papers/0405/0405006.pdf
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    References listed on IDEAS

    as
    1. Ann P. Bartel, 1991. "Productivity Gains From the Implementation of Employee Training Programs," NBER Working Papers 3893, National Bureau of Economic Research, Inc.
    2. Prais,S. J., 1995. "Productivity, Education and Training," Cambridge Books, Cambridge University Press, number 9780521556675, October.
    3. Acemoglu, Daron & Pischke, Jorn-Steffen, 1999. "Beyond Becker: Training in Imperfect Labour Markets," Economic Journal, Royal Economic Society, vol. 109(453), pages 112-142, February.
    4. William M. Dugger, 1987. "The Economic Institutions of Capitalism," Journal of Economic Issues, Taylor & Francis Journals, vol. 21(1), pages 528-530, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    institutions; vocational training; continuing education; labour markets; productivity; efficiency; production frontier;
    All these keywords.

    JEL classification:

    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H4 - Public Economics - - Publicly Provided Goods
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • I2 - Health, Education, and Welfare - - Education
    • J4 - Labor and Demographic Economics - - Particular Labor Markets

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