Higher education value added using multiple outcomes

Joniada Milla, E. San Martin and S. van Bellegem ()
Additional contact information
E. San Martin: Universidad Catolica de Chile, Chile, CORE (UCL) and Measurement Center MIDE UC, Chile
S. van Bellegem: Université catholique de Louvain, CORE, Belgium

No 2015045, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: We build a multidimensional value added model to analyze jointly the test scores on several outcomes. Using a unique Colombian data set on higher education within a seemingly unrelated regression equations (SURE) framework we estimate school outcome specific value added indicators. These are used to measure the relative contribution of the school on a certain outcome, which may serve as an internal accountability measure. Apart from the evident estimation efficiency gains, a joint value added analysis is preferable to the unidimensional one. First, unless modeled in a multidimensional framework, the comparison of value added estimates for different outcomes within a school is not well defined; our model circumvents this issue. Second, even in the case of a separate major field of study analysis there still exists unobserved heterogeneity due to institutional diversity. This makes it more compelling to employ a rich set of outcomes in computing value added indicators. In the end, we aggregate the outcome-specific value added estimates to produce a composite value added index that reflects the combined value added contribution of all the subjects for each school.

Keywords: multidimensional value added; multiple outcomes; quality of higher education (search for similar items in EconPapers)
JEL-codes: A22 C31 C51 I23 (search for similar items in EconPapers)
Date: 2015-10-21
New Economics Papers: this item is included in nep-edu and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Higher Education Value Added Using Multiple Outcomes (2016)
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