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B1390
Topic: Contributed on recent development on single index models Title: Towards an education monitoring index Authors:  Audrone Jakaitiene - Vilnius university (Lithuania) [presenting]
Dovile Stumbriene - Vilnius university (Lithuania)
Rimantas Zelvys - Vilnius university (Lithuania)
Abstract: Information about education monitoring indices is very diverse and limited, especially over time. Given that education is one milestones, which guarantees the well-being of a country, the understanding about the education system status might be crucial. However there are plenty of education variables and a single index, which incorporates big data and gives notion about the system status, might be essential. The European Commission within the Education and Training Monitor initiative calculates indices towards Europe 2020 strategy. Each country's indices are calculated normalizing data with respect to EU28 average. We develop a methodology to construct an Education Monitoring Index for a country using country or region data. For methodologically consistent data for a country, we use Europe 2020 strategy main indicators as starting dataset. The objective is to calculate an Education monitoring index for Lithuania, Latvia, Estonia, United Kingdom, Finland and Germany available over time.