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Full-Text Articles in Social and Behavioral Sciences
Minority Serving College And University Cost Efficiencies, G. Thomas Sav
Minority Serving College And University Cost Efficiencies, G. Thomas Sav
Economics Faculty Publications
Problem Statement:
Higher education minority enrollment growth has far outstripped white non-minority growth in the United States. Minority serving colleges and universities have disproportionately attended to that growth and will continue to play a critical role in providing minority educational opportunities in a knowledge based and globally diverse economy. However, they will face new and challenging budgetary and managerial reforms induced by the global financial crisis. As a result, they will be pressured to operate in the future with greater cost efficiency.
Approach:
Panel data pertaining to minority serving colleges and universities was used along with stochastic frontier analysis to …
Cost Efficiencies And Rankings Of Flagship Universities, G. Thomas Sav
Cost Efficiencies And Rankings Of Flagship Universities, G. Thomas Sav
Economics Faculty Publications
Problem Statement:
Each state in the U.S. touts a premier university as the flagship of its publicly funded higher education system. With decreased government budgets and increased interest in public management reforms, these institutions are being pressured to provide evidence of and set examples for ever greater improvements in operating cost efficiencies. The problem, however, is that empirical measures of their efficiencies or inefficiencies can be sensitive and, therefore, vary widely depending upon the underlying model specification.
Approach:
The study used stochastic frontier analysis to estimate university cost inefficiencies over the 2005-09 academic years. Transom and Cobb-Douglas specifications were combined …