University funding systems: Impact on research and teaching
AbstractWe address the following question: how does a higher education funding system influence the trade-off that universities make between research and teaching? We do so by constructing a model that allows universities to choose actively the quality of their teaching and research when faced with different funding systems characterised by the pivotal role of the university funding budget constraint. In particular, we derive the feasible sets that face universities under such systems and show how, as the parameters of the system (the research block grant element, the research quality premium and the incentives-triggering quality threshold) are varied, the nature of the university system itself changes. Different 'cultures' ofthe university system emerge such as the 'research elite' and the 'binary divide'. --
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Bibliographic InfoArticle provided by Kiel Institute for the World Economy in its journal Economics: The Open-Access, Open-Assessment E-Journal.
Volume (Year): 6 (2012)
Issue (Month): 2 ()
university funding systems; higher education; research quality; teaching quality; university budget constraint; research elite; binary divide;
Other versions of this item:
- Beath, John & Poyago-Theotoky, Joanna & Ulph, David, 2011. "University funding systems: impact on research and teaching," Economics Discussion Papers 2011-1, Kiel Institute for the World Economy.
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
- I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Should universities focus on teaching or research?
by Economic Logician in Economic Logic on 2011-04-20 14:47:00
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