The research of investment return in education in Mongolia

Хэвлэлийн нэр: Межкультурная коммуникация: аспекты дидактики

Зохиогч:  Т.Батболд

Хамтран зохиогч:

Хэвлүүлсэн огноо: 2013-11-29

Хуудас дугаар: 16

Өгүүллийн хураангуй:

There is not much assessment and conclusion on how effectively investment in education in Mongolia has been and in which way to improve the effectiveness going forward. In other words, it cannot be concluded that investment in education has been good only based on the fact that investment in education from the state budget has been increasing. Instead, it should be concluded based on how effectively it has been spent and managed, and what are the long term benefits from the investment.

This research analyzed the current situation of macro level investment in education in Mongolia comparing with other countries and research results from international organizations. The investment in education was analyzed by investment return measures of return-cost ratio, net present value, internal rate of return, and regression method, and finally, conclusion was given on the effectiveness of the investment and recommendation on how to improve it was given too.

There are two concepts that social benefit and private benefit on investment in education. This research only covered the social benefit due to high probability of error occurrence in assessing private benefit and many aspects that cannot be measured by money in private benefit.