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Full-Text Articles in Social and Behavioral Sciences
Is The Production Of Religious Knowledge Efficient? Managing Faith Related Postsecondary Institutions, G. Thomas Sav
Is The Production Of Religious Knowledge Efficient? Managing Faith Related Postsecondary Institutions, G. Thomas Sav
Economics Faculty Publications
The focus of this paper is on the efficiency of producing and managing religion based knowledge in postsecondary institutions. Panel data is used to estimate a stochastic cost frontier and associated inefficiencies for a panel of 222 U.S. bible colleges, theological seminaries, and other faith based higher education institutions over the 2005-09 academic years. Results indicate that institutions offering undergraduate only education are on average less inefficient than graduate only or combined undergraduate-graduate education institutions. Government provided student loans and private philanthropy are efficiency improving, while institutional debt acts to increase inefficiency. Time varying inefficiencies show efficiency gains over the …
Cost Inefficiencies And Rankings Of Ivy Universities: Stochastic Panel Estimates, G. Thomas Sav
Cost Inefficiencies And Rankings Of Ivy Universities: Stochastic Panel Estimates, G. Thomas Sav
Economics Faculty Publications
This paper employs stochastic frontier analysis in providing estimates of the operating cost inefficiencies of private non-profit and public ivy universities in the U.S. Panel data for academic years 2005-09 is used to estimate cost frontiers under two alternative specifications that lead to estimated gross and net inefficiencies. Time varying inefficiencies are reported for each academic year and used to calculate university inefficiency rankings by sector. The results suggest that private ivy universities are less inefficient or more efficient than their public counterparts. However, public ivies appear to have made significant inefficiency adjustments perhaps in response to the global financial …