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

Johnes, G and Johnes, J (2009) Higher education institutions' costs and efficiency:taking the decomposition a further step. Economics of Education Review, 28 (1). pp. 107-113. ISSN 0272-7757

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    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.

    Item Type: Article
    Journal or Publication Title: Economics of Education Review
    Uncontrolled Keywords: Stochastic frontier ; Random parameter models ; Costs ; Higher education
    Subjects: UNSPECIFIED
    Departments: Lancaster University Management School > Economics
    ID Code: 44733
    Deposited By: ep_importer_pure
    Deposited On: 11 Jul 2011 19:20
    Refereed?: Yes
    Published?: Published
    Last Modified: 10 Oct 2014 08:55
    Identification Number:
    URI: http://eprints.lancs.ac.uk/id/eprint/44733

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