Which education systems deliver the best value for money?
The Efficiency Index commissioned by GEMS Education Solutions, is the first comprehensive international analysis that looks at how efficiently education budgets are allocated in each country.
The report ranks 30 OECD countries based on their expenditure on teacher costs, which account for 80 per cent of education budgets, and the pupil outcomes they achieve. In this way, it calculates which system generates the greatest educational return for each dollar invested.
The report is written by Peter Dolton, Professor of Economics at Sussex University and a Senior Research Fellow at the Centre for Economic Performance, London School of Economics; Dr Oscar Marcenaro Gutiérrez, Associate Professor at the University of Málaga; and Adam Still, Education Finance and Development Specialist at GEMS Education Solutions.