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Heterogeneity and the evaluation of efficiency: the case of Italian universities
[journal article]
Abstract A random parameters stochastic frontier model is applied to Italian data in order to evaluate the cost function and efficiency of higher education institutions. The method yields useful information about inter-institutional variation in cost structure and technical efficiency. Returns to scale and s... view more
A random parameters stochastic frontier model is applied to Italian data in order to evaluate the cost function and efficiency of higher education institutions. The method yields useful information about inter-institutional variation in cost structure and technical efficiency. Returns to scale and scope are evaluated for the typical university, and it is found that these returns are almost ubiquitously decreasing, a finding with clear policy implications.... view less
Classification
Economic Statistics, Econometrics, Business Informatics
Macroanalysis of the Education System, Economics of Education, Educational Policy
Free Keywords
stochastic frontier; random parameter models; costs; higher education
Document language
English
Publication Year
2010
Page/Pages
p. 1365-1375
Journal
Applied Economics, 42 (2010) 11
DOI
https://doi.org/10.1080/00036840701721463
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)