Submitted manuscript, 135 KB, PDF document
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Higher education institutions' costs and efficiency
T2 - taking the decomposition a further step
AU - Johnes, G
AU - Johnes, J
PY - 2009/2
Y1 - 2009/2
N2 - A multiproduct cost function is estimated for English higher education institutions using a panel of data from recent years. The panel approach allows estimation by means of a random parameter stochastic frontier model which provides considerable new insights in that it allows the impact on costs of inter-institutional differences in the cost function itself to be distinguished from inter-institutional differences in efficiency. The approach used here therefore resembles in some respects the non-parametric methods of efficiency evaluation. We report also on measures of average incremental cost of provision and on returns to scale and scope.
AB - A multiproduct cost function is estimated for English higher education institutions using a panel of data from recent years. The panel approach allows estimation by means of a random parameter stochastic frontier model which provides considerable new insights in that it allows the impact on costs of inter-institutional differences in the cost function itself to be distinguished from inter-institutional differences in efficiency. The approach used here therefore resembles in some respects the non-parametric methods of efficiency evaluation. We report also on measures of average incremental cost of provision and on returns to scale and scope.
KW - Stochastic frontier
KW - Random parameter models
KW - Costs
KW - Higher education
U2 - 10.1016/j.econedurev.2008.02.001
DO - 10.1016/j.econedurev.2008.02.001
M3 - Journal article
VL - 28
SP - 107
EP - 113
JO - Economics of Education Review
JF - Economics of Education Review
SN - 0272-7757
IS - 1
ER -