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A Cost Function for Higher Education in Australia

Author

Listed:
  • Rebecca.Valenzuela

    (Monash University)

  • John Creedy

    (University of Melbourne)

Abstract

This study estimates a cost function for higher education in Australian universities using pooled series of cross-sectional data. The study enabled the quantification of the cost differences between levels of studies and subject areas. The resulting cost function is used to derive estimates of the overall cost of providing higher education to overseas students.

Suggested Citation

  • Rebecca.Valenzuela & John Creedy, 2003. "A Cost Function for Higher Education in Australia," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 6(1), pages 117-134, March.
    • Handle: RePEc:ozl:journl:v:6:y:2003:i:1:p:117-134
    as

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    References listed on IDEAS

    as
    1. Throsby, C D, 1986. "Cost Functions for Australian Universities," Australian Economic Papers, Wiley Blackwell, vol. 25(47), pages 175-192, December.
    2. Lloyd, P J, 1994. "A Multiple-Output Cost Function for Australian Universities," Australian Economic Papers, Wiley Blackwell, vol. 33(63), pages 200-214, December.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Gerd Grözinger, 2003. "Die Finanzsituation norddeutscher Universitäten: ökonomische und politische Schlussfolgerungen auf der Basis eines Ausstattungsvergleichs," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 72(2), pages 271-288.

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    More about this item

    Keywords

    Education; Government Policy; Production and Organizations: General; Market Structure and Pricing: General;
    All these keywords.

    JEL classification:

    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • D20 - Microeconomics - - Production and Organizations - - - General
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General

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