Data Envelopment Analysis of Higher Education Competitiveness Indices in Europe

Abstract

In this paper, the data envelopment analysis method is used to examine the competitiveness of higher education in selected countries / regions in Europe. The competitiveness of higher education is analyzed on the basis of available information on the chosen indicators, interacting with a model of investment which is applied in the field of higher education. The purpose of the research is to determine the level of competitiveness of higher education of the Republic of Serbia and its Autonomous Province of Vojvodina, as a European region, compared to selected European countries. The research results indicate that the application of the new investment model would improve the unsatisfactory competitiveness of the higher education of the Republic of Serbia and AP Vojvodina. Because of the large differences in the competitiveness of higher education among the analysed countries / regions, the research results point to the need for a unified approach in creating a development strategy and improving the competitiveness of higher education in Europe.