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Determinants of Tuition Prices in Private Universities of Mexico: A Panel Data Analysis at the State Level 2005-2019

Author

Listed:
  • Miguel Flores

    (Tecnologico de Monterrey)

  • Alejandrina Salcedo

    (Banco de Mexico)

  • Leonardo Torre

    (Banco de Mexico)

Abstract

Estimate a supply and demand model of private college education services in Mexico for the 2005-2019 period, in order to identify the factors that influenced the dynamics of their equilibrium prices. The methodology consists of estimating such models with two- and three-stage least squares using panel data at the state level. The results suggest that while the contribution of demand variables to the inflation of such prices has been positive and fairly stable, that of supply variables, even though it has been more fluctuating, it has also been larger than the contribution of the former throughout the entire period. It bounds the discussion on the role associated with private universities own characteristics as well as market structure due to lack of disaggregated information at private institution level. This paper contributes to the literature on the subject in Mexico by providing the first estimates of supply and demand elasticities for private higher education. Based on these estimates, it was possible to identify the dynamics of the equilibrium prices of tuition fees at private universities in Mexico and their relationship with both supply and demand factors.

Suggested Citation

  • Miguel Flores & Alejandrina Salcedo & Leonardo Torre, 2023. "Determinants of Tuition Prices in Private Universities of Mexico: A Panel Data Analysis at the State Level 2005-2019," EconoQuantum, Revista de Economia y Finanzas, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 20(1), pages 31-57, Enero-Jun.
    • Handle: RePEc:qua:journl:v:20:y:2023:i:1:p:31-57
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    More about this item

    Keywords

    Tuition Fees; Simultaneous Equations; Panel Data; Regional Analysis.;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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