Optimization model for educational investment: implications for higher education in Vietnam

Abstract

This study developed a model to optimize investments on education by 2 stages (and utilize research results) by Cunha et al (2005) that investment in education has a direct additionality ( Direct Complements) and concluded that an investment of not less than optimum binding in phase 1 will lead to optimal investment levels tied in phase 2 is lower than the optimal investment of non-binding himself. The study confirmed that the investment for preschool, elementary and secondary education in Vietnam is lower than optimal levels of investment very much; from which the application model and pointed out that opening too many new and upgrade training facilities of universities, expand the scale of higher education, postgraduate too much in recent years is not effective , ranked in terms of financial investment.