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Characteristics of FY07 Education Projects

Explore diverse economic analysis approaches for unique education projects in Guatemala and Vietnam. Understand costs, benefits, and sensitivity analysis for improving education quality and boosting earnings. Discover how lifelong learning initiatives in Argentina aim to enhance competency-based training and youth employment.

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Characteristics of FY07 Education Projects

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  1. Characteristics of FY07Education Projects A wide variety of approaches to economic analysis reflecting the fact that every project is unique

  2. Guatemala Education Quality and Secondary Education • Costs • Accelerated program for overage students • Expanding lower secondary for 60,000 students, mostly rural and lower income • Quality improvement: teacher education, learning materials, school-based management

  3. Guatemala Education Qualityand Secondary Education • Benefits • Increased earnings of graduates • IRR = 31% • Sensitivity analysis • ⅓ reduction of incremental income = 26% • Recalculate NPV at 15% (really not a sensitivity analysis) IRR still 31% • 20% less investment, 40% less benefit = 27%

  4. Viet Nam 2nd Higher Education • Costs • Support for capacity building for policy development • Support for capacity building for university teaching and research through teaching and research innovation grants (TRIG)

  5. Viet Nam 2nd Higher Education • Benefits: • Increased graduate earnings due to improved learning • Internal efficiency gains • Returns to R&D activities based on returns elsewhere (in contrast to Nigeria S&T which said could not forecast grants and thus could not estimate benefits) • IRR = 34%

  6. Viet Nam 2nd Higher Education • Sensitivity analysis • Returns to R&D reduced by ½ = 28% • Graduate earnings reduced ⅓ to ½ = 29% • Combined = 23% • (Loan repayment as a cost)

  7. Argentina Lifelong Learning • Costs • New competency-based training in 30 economic sectors • Innovations to make adult education more relevant and effective • Promotion of youth employment through training and internships

  8. Argentina Lifelong Learning • Benefits: How much must earnings increase to yield 12% (NPV @ 12% = 0) • Competency: $124 /year (well below monthly minimum wage) • Adult education: $34/year (also well below minimum monthly wage) • Youth internships: $357/year (only marginally efficient)

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