Student graduation: to what extent does university expenditure matter?
AbstractHuman capital is one of the most important channels via which universities positively affect regional development. This paper analyzes the relationship between university characteristics and graduation rates, and the role of regional characteristics in this process. We assemble a dataset for the entire public university system in Spain over the last decade. Observing the same university over several years helps us address the problem of unobserved heterogeneity. The main findings that can be drawn from our results are that university features, such as expenditure, student-teacher ratio and financial-aid to students are important in accounting for graduation rates. Likewise, regional characteristics such as labour market conditions appear to matter when generating graduate students.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Institut d'Economia de Barcelona (IEB) in its series Working Papers with number 2012/4.
Length: 32 pages
Date of creation: 2012
Date of revision:
Universities; graduation; human capital; regional economy;
Find related papers by JEL classification:
- C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- I23 - Health, Education, and Welfare - - Education - - - Higher Education and Research Institutions
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-03-08 (All new papers)
- NEP-CSE-2012-03-08 (Economics of Strategic Management)
- NEP-EDU-2012-03-08 (Education)
- NEP-LAB-2012-03-08 (Labour Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- N. Gregory Mankiw & David Romer & David N. Weil, 1992.
"A Contribution to the Empirics of Economic Growth,"
NBER Working Papers
3541, National Bureau of Economic Research, Inc.
- Dundar, Halil & Lewis, Darrell R., 1995. "Departmental productivity in American universities: Economies of scale and scope," Economics of Education Review, Elsevier, vol. 14(2), pages 119-144, June.
- Piva, Mariacristina & Santarelli, Enrico & Vivarelli, Marco, 2005.
"The skill bias effect of technological and organisational change: Evidence and policy implications,"
Elsevier, vol. 34(2), pages 141-157, March.
- Piva, Mariacristina & Santarelli, Enrico & Vivarelli, Marco, 2003. "The Skill Bias Effect of Technological and Organisational Change: Evidence and Policy Implications," IZA Discussion Papers 934, Institute for the Study of Labor (IZA).
- M. Piva & E. Santarelli & M. Vivarelli, 2003. "The Skill Bias Effect of Technological and Organisational Change: Evidenceand Policy Implications," Working Papers 486, Dipartimento Scienze Economiche, Universita' di Bologna.
- Raul Ramos & Manuel Artís & Jordi Suriñach, 2009.
"Human Capital Spillovers Productivity and Regional Convergence in Spain,"
IREA Working Papers
200925, University of Barcelona, Research Institute of Applied Economics, revised Nov 2009.
- Raul Ramos & Jordi Suriñach & Manuel Artís, 2010. "Human capital spillovers, productivity and regional convergence in Spain," Papers in Regional Science, Wiley Blackwell, vol. 89(2), pages 435-447, 06.
- Raul Ramos & Jordi Suriñach & Manuel Artís, 2009. "Human capital spillovers, productivity and regional convergence in Spain," Working Papers XREAP2009-15, Xarxa de Referència en Economia Aplicada (XREAP), revised Nov 2009.
- Ramos, Raul & Surinach, Jordi & Artís, Manuel, 2009. "Human Capital Spillovers, Productivity and Regional Convergence in Spain," IZA Discussion Papers 4579, Institute for the Study of Labor (IZA).
- Barro, R.J., 1989.
"Economic Growth In A Cross Section Of Countries,"
RCER Working Papers
201, University of Rochester - Center for Economic Research (RCER).
- Bedard, Kelly & Herman, Douglas A., 2008. "Who goes to graduate/professional school? The importance of economic fluctuations, undergraduate field, and ability," Economics of Education Review, Elsevier, vol. 27(2), pages 197-210, April.
- Antonio Ciccone & Giovanni Peri, 2003.
"Identifying Human Capital Externalities: Theory with Applications,"
6, Barcelona Graduate School of Economics.
- Antonio Ciccone & Giovanni Peri, 2006. "Identifying Human-Capital Externalities: Theory with Applications," Review of Economic Studies, Oxford University Press, vol. 73(2), pages 381-412.
- Ciccone Antonio & Peri Giovanni, 2007. "Identifying Human Capital Externalities. Theory with Applications," Working Papers 201098, Fundacion BBVA / BBVA Foundation.
- Just, Richard E. & Huffman, Wallace E., 2009. "The economics of universities in a new age of funding options," Research Policy, Elsevier, vol. 38(7), pages 1102-1116, September.
- Moretti, Enrico, 2004.
"Estimating the social return to higher education: evidence from longitudinal and repeated cross-sectional data,"
Journal of Econometrics,
Elsevier, vol. 121(1-2), pages 175-212.
- Enrico Moretti, 2002. "Estimating the Social Return to Higher Education: Evidence From Longitudinal and Repeated Cross-Sectional Data," NBER Working Papers 9108, National Bureau of Economic Research, Inc.
- Douglas A. Webber & Ronald G. Ehrenberg, 2009.
"Do Expenditures Other Than Instructional Expenditures Affect Graduation and Persistence Rates in American Higher Education,"
NBER Working Papers
15216, National Bureau of Economic Research, Inc.
- Webber, Douglas A. & Ehrenberg, Ronald G., 2010. "Do expenditures other than instructional expenditures affect graduation and persistence rates in American higher education?," Economics of Education Review, Elsevier, vol. 29(6), pages 947-958, December.
- Webber, Douglas A. & Ehrenberg, Ronald G., 2009. "Do Expenditures Other Than Instructional Expenditures Affect Graduation and Persistence Rates in American Higher Education?," IZA Discussion Papers 4345, Institute for the Study of Labor (IZA).
- André Mollick & Marie Mora, 2012. "The impact of higher education on Texas population and employment growth," The Annals of Regional Science, Springer, vol. 48(1), pages 135-149, February.
- Serge Coulombe & Jean-François Tremblay, 2007. "Skills, Education, And Canadian Provincial Disparity," Journal of Regional Science, Wiley Blackwell, vol. 47(5), pages 965-991.
- Manuel Acosta & Daniel Coronado & Esther Flores, 2011. "University spillovers and new business location in high-technology sectors: Spanish evidence," Small Business Economics, Springer, vol. 36(3), pages 365-376, April.
- Glass, J C & McKillop, Donal G & Hyndman, N, 1995. "Efficiency in the Provision of University Teaching and Research: An Empirical Analysis of UK Universities," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 10(1), pages 61-72, Jan.-Marc.
- Acemoglu, Daron, 1997.
"Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality,"
CEPR Discussion Papers
1707, C.E.P.R. Discussion Papers.
- Daron Acemoglu, 1998. "Why Do New Technologies Complement Skills? Directed Technical Change And Wage Inequality," The Quarterly Journal of Economics, MIT Press, vol. 113(4), pages 1055-1089, November.
- Acemoglu, D., 1997. "Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality," Working papers 97-14, Massachusetts Institute of Technology (MIT), Department of Economics.
- Johnes, Geraint & Johnes, Jill, 2009.
"Higher education institutions' costs and efficiency: Taking the decomposition a further step,"
Economics of Education Review,
Elsevier, vol. 28(1), pages 107-113, February.
- G Johnes & Jill Johnes, 2005. "Higher education institutions' costs and efficiency: taking the decomposition a further step," Working Papers 574007, Lancaster University Management School, Economics Department.
- Longlong, Hou & Fengliang, Li & Weifang, Min, 2009. "Multi-product total cost functions for higher education: The case of Chinese research universities," Economics of Education Review, Elsevier, vol. 28(4), pages 505-511, August.
- Izadi, Hooshang & Johnes, Geraint & Oskrochi, Reza & Crouchley, Robert, 2002. "Stochastic frontier estimation of a CES cost function: the case of higher education in Britain," Economics of Education Review, Elsevier, vol. 21(1), pages 63-71, February.
- David B. Audretsch & Erik E. Lehmann & Susanne Warning, 2004.
"University Spillovers and New Firm Location,"
Papers on Entrepreneurship, Growth and Public Policy
2004-02, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
- David Audretsch & Erik Lehmann & Susanne Warning, 2004. "University Spillovers and New Firm Location," Working Papers of the Research Group Heterogenous Labor 04-13, Research Group Heterogeneous Labor, University of Konstanz/ZEW Mannheim.
- Jaison R. Abel & Todd M. Gabe, 2008.
"Human capital and economic activity in urban America,"
332, Federal Reserve Bank of New York.
- Jaison Abel & Todd Gabe, 2011. "Human Capital and Economic Activity in Urban America," Regional Studies, Taylor and Francis Journals, vol. 45(8), pages 1079-1090.
- Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1.
- Markus Frolich & Blaise Melly, 2010. "Estimation of quantile treatment effects with Stata," Stata Journal, StataCorp LP, vol. 10(3), pages 423-457, September.
- Berger, Mark C. & Kostal, Thomas, 2002. "Financial resources, regulation, and enrollment in US public higher education," Economics of Education Review, Elsevier, vol. 21(2), pages 101-110, April.
- Carla S� & Raymond J.G.M. Florax & Piet Rietveld, 2003. "Determinants of the Regional Demand for Higher Education," Tinbergen Institute Discussion Papers 03-013/3, Tinbergen Institute.
- Robert B. Archibald & David H. Feldman, 2006. "Graduation Rates and Accountability: Regressions versus Production Frontiers," Working Papers 24, Department of Economics, College of William and Mary.
- Johnes, Jill, 2006. "Data envelopment analysis and its application to the measurement of efficiency in higher education," Economics of Education Review, Elsevier, vol. 25(3), pages 273-288, June.
- Dolan, Robert C. & Schmidt, Robert M., 1994. "Modeling institutional production of higher education," Economics of Education Review, Elsevier, vol. 13(3), pages 197-213, September.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.