Dynamics of Performance and Technology in Higher Education: An Applied Stochastic Model and A Case Study

Özet

Abstract

The purpose of this paper is to develop a stochastic-dynamic model ofperformance and technology in education sector and bring into lightthe presence, in a particular subset of the Turkish higher educationsector, of stochastically-evolving equilibria moving towards a low performance trap over time. The dynamics of the movement in questionhinges, in part, on two factors, namely, (1) the productivity growth and(2) student population growth. We formulate a stochastically-driven,technology-based policy option that could help the sector to escapethe trap, moving the sector towards high performance equilibria. Theproposed policy option illustrates that technological transformation ineducational practices could solve a structural problem (a low performance trap) in developing-country education sectors.