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Effects of competitive funding on university efficiency


Bolli, Thomas; Olivares, Maria (2011). Effects of competitive funding on university efficiency. In: Spring Meeting of Young Economists 2011, Groningen, Netherlands, 14 April 2011 - 16 April 2011.

Abstract

This paper develops a theoretical framework for the impact of competitive university funding, suggesting that the direction of the effect might differ between the production frontier and effciency. We test the models predictions using a panel data set at micro-level across eight European countries to estimate a simultaneous two-stage stochastic frontier approach. Supporting our predictions, the results show that tuition fees have a positive impact on the production frontier, but a negative one on effciency. Conversely, public international funds reduce the production frontier, but increase effciency. These findings
suggest that introducing competition in the university sector entails a trade-off that should be taken into account by politicians.

Abstract

This paper develops a theoretical framework for the impact of competitive university funding, suggesting that the direction of the effect might differ between the production frontier and effciency. We test the models predictions using a panel data set at micro-level across eight European countries to estimate a simultaneous two-stage stochastic frontier approach. Supporting our predictions, the results show that tuition fees have a positive impact on the production frontier, but a negative one on effciency. Conversely, public international funds reduce the production frontier, but increase effciency. These findings
suggest that introducing competition in the university sector entails a trade-off that should be taken into account by politicians.

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Additional indexing

Item Type:Conference or Workshop Item (Paper), refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Language:English
Event End Date:16 April 2011
Deposited On:02 Feb 2012 08:05
Last Modified:06 Apr 2017 00:39
Additional Information:Titel des Papers: The Differential Effect of Competitive University Funding on Production Frontier and Efficiency. Also presented at Swiss Society of Economics and Statistics (SSES), Annual Meeting 2010.
Official URL:http://www.smye2011.org/fileadmin/fe_user/olivares/con_paper223.pdf
Related URLs:http://www.smye2011.org/
Other Identification Number:merlin-id:5068

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