Economic aspects of the education system in the Balkan countries

Topalović, Ana

Bachelor thesis focuses on classification of the Balkan countries based on selected indicators of the quality of the education system. The theoretical part focuses on defining education as a condition for economic growth and describing the current situation in the Balkans. Government expenditure on education and gross domestic spending on the research and development were used as the educational inputs. For educational outputs were taken the results of PISA testing and a proportion of the 30-34 year olds having completed tertiary or equivalent education. Using the cluster analysis, we came to the conclusion that Serbia shows results similar to those achieved by its neighboring EU Member States. On the other hand, Romania has shown very poor results in terms of quality of education system. Further on, thesis examined the dependence of the results of PISA testing on government expenditure on education. Results of PISA testing for reading, science and mathematics, as well as the share of top performers have been shown to be positively correlated with the government expenditure on education, while the share of low achievers has been shown to be negatively correlated.

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