University Funding Systems and their Impact on Research and Teaching: A General Framework
AbstractThis paper addresses 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 general model that allows universities to choose actively the quality of their teaching and research when faced with different funding systems. In particular, we derive the feasible sets that face universities under such systems and show how, as the parameters of the system are varied, the nature of the university system itself changes. The “culture” of the university system thus becomes endogenous. This makes the model useful for the analysis of reforms in funding and also for international comparisons.
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Bibliographic InfoPaper provided by Department of Economics, Loughborough University in its series Discussion Paper Series with number 2005_2.
Date of creation: Apr 2005
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University funding system; higher education; teaching quality; research quality; research elite.;
Find related papers by JEL classification:
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-07-25 (All new papers)
- NEP-EDU-2005-07-25 (Education)
- NEP-HPE-2005-07-25 (History & Philosophy of Economics)
- NEP-LAB-2005-07-25 (Labour Economics)
- NEP-SOG-2005-07-25 (Sociology of Economics)
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