Investigating the efficiency of the Vietnamese six socio-economic regions education system with dea approach

Abstract

Education plays an essential role in human capital, economic growth, and social development. One of the important components of human capital investment in children is household educational expenditure. In Vietnam, the rising expenditure, and the high willingness to invest in children's education have attracted much attention, raising the need to measure the efficiency of family educational spending. Using the Data Envelopment Analysis (DEA) approach, this paper assesses the spending efficiency of the six Vietnamese socio-economic regions. The ground for input and output selection for the DEA method are selected based on prior education research papers. The two models designed for efficiency analysis address the tertiary level and professional training level (i.e. vocational education, college, university and upper). The paper's results reveal how efficient a region converts household educational spending into achievements.