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

Geraint Johnes and Jill Johnes

Economics of Education Review, 2009, vol. 28, issue 1, 107-113

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 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (62)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0272-7757(08)00054-X
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Higher education institutions' costs and efficiency: taking the decomposition a further step (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoedu:v:28:y:2009:i:1:p:107-113

Access Statistics for this article

Economics of Education Review is currently edited by E. Cohn

More articles in Economics of Education Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().