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Higher education institutions’ costs and efficiency: Taking the decomposition a further step
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Economics of Education Review Volume 28, Number 1 ISSN 0272-7757 Publisher: Elsevier Ltd

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.

Citation

Johnes, G. & Johnes, J. Higher education institutions’ costs and efficiency: Taking the decomposition a further step. Economics of Education Review, 28(1), 107-113. Elsevier Ltd. Retrieved January 18, 2020 from .

This record was imported from Economics of Education Review on March 1, 2019. Economics of Education Review is a publication of Elsevier.

Full text is availabe on Science Direct: http://dx.doi.org/10.1016/j.econedurev.2008.02.001

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