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Estimating the production function of university students

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  • K T Soo

Abstract

This paper estimates the production function for university students in English universities. Taking as the output the quality of a university degree and the dropout rate, we use as inputs teaching quality and quantity, entry qualifications, and the effort level. Our results uncover new findings regarding the importance of each of these elements in university performance. In particular, we find that the quality of teaching and entry qualifications affect degree performance, but not the number of hours of teaching or private study. Controlling for unobserved ability through a 2SLS/GMM estimator suggests that entry scores have no additional impact on degree performance beyond its role as a measure of student ability.

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Bibliographic Info

Paper provided by Lancaster University Management School, Economics Department in its series Working Papers with number 600466.

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Date of creation: 2009
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Handle: RePEc:lan:wpaper:600466

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  1. Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output Per Worker Than Others?," The Quarterly Journal of Economics, MIT Press, vol. 114(1), pages 83-116, February.
  2. Edward P. Lazear, 2001. "Educational Production," The Quarterly Journal of Economics, MIT Press, vol. 116(3), pages 777-803, August.
  3. Islam, Nazrul, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, MIT Press, vol. 110(4), pages 1127-70, November.
  4. Luca Stanca, 2013. "The Effects of Attendance on Academic Performance: Panel Data Evidence for Introductory Microeconomics," Working Papers 78, University of Milano-Bicocca, Department of Economics, revised Nov 2013.
  5. Joshua D. Angrist & Alan B. Krueger, 2001. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 69-85, Fall.
  6. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May.
  7. Christopher F Baum & Mark E. Schaffer & Steven Stillman, 2007. "Enhanced routines for instrumental variables/GMM estimation and testing," Boston College Working Papers in Economics 667, Boston College Department of Economics, revised 05 Sep 2007.
  8. K T Soo & C F Elliott, 2008. "Does price matter? Overseas students In UK higher education," Working Papers 596594, Lancaster University Management School, Economics Department.
  9. Martins, Pedro S. & Walker, Ian, 2006. "Student Achievement and University Classes: Effects of Attendance, Size, Peers, and Teachers," IZA Discussion Papers 2490, Institute for the Study of Labor (IZA).
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