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

Geraint Johnes, Jill Johnes

Research output: Contribution to journalArticle

58 Citations (Scopus)

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.

LanguageEnglish
Pages107-113
Number of pages7
JournalEconomics of Education Review
Volume28
Issue number1
Early online date13 May 2008
DOIs
Publication statusPublished - Feb 2009
Externally publishedYes

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efficiency
costs
education
Costs
Higher education institutions
Cost function
Decomposition
Institutional differences
evaluation
Evaluation
Random parameters
Nonparametric methods
Returns to scale
Stochastic frontier model
Incremental cost

Cite this

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Higher education institutions' costs and efficiency : Taking the decomposition a further step. / Johnes, Geraint; Johnes, Jill.

In: Economics of Education Review, Vol. 28, No. 1, 02.2009, p. 107-113.

Research output: Contribution to journalArticle

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