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Higher education institutions' costs and efficiency: taking the decomposition a further step

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Higher education institutions' costs and efficiency: taking the decomposition a further step. / Johnes, G; Johnes, J.
In: Economics of Education Review, Vol. 28, No. 1, 02.2009, p. 107-113.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

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Johnes G, Johnes J. Higher education institutions' costs and efficiency: taking the decomposition a further step. Economics of Education Review. 2009 Feb;28(1):107-113. doi: 10.1016/j.econedurev.2008.02.001

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Johnes, G ; Johnes, J. / Higher education institutions' costs and efficiency : taking the decomposition a further step. In: Economics of Education Review. 2009 ; Vol. 28, No. 1. pp. 107-113.

Bibtex

@article{8fe281d00faa4b4caf32ec7566655a3c,
title = "Higher education institutions' costs and efficiency: taking the decomposition a further step",
abstract = "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.",
keywords = "Stochastic frontier, Random parameter models , Costs , Higher education",
author = "G Johnes and J Johnes",
year = "2009",
month = feb,
doi = "10.1016/j.econedurev.2008.02.001",
language = "English",
volume = "28",
pages = "107--113",
journal = "Economics of Education Review",
issn = "0272-7757",
publisher = "Elsevier Limited",
number = "1",

}

RIS

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 -