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

Johnes, Geraint and Johnes, Jill (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 multi-product 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
Contributors:
ContributionNameEmailORCID
AuthorJohnes, GeraintUNSPECIFIEDUNSPECIFIED
AuthorJohnes, JillUNSPECIFIEDUNSPECIFIED
Subjects: H Social Sciences > HA Statistics
L Education > L Education (General)
Schools: The Business School
The Business School > Quantitative Analysis Research Group
Related URLs:
Depositing User: Jill Johnes
Date Deposited: 10 Mar 2015 15:15
Last Modified: 03 Nov 2015 16:02
URI: http://eprints.hud.ac.uk/id/eprint/23432

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