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Relations between funding, equity, and efficiency of higher education

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  • Milena Bevc
  • Sonja Ursic

Abstract

Funding, equity, and efficiency of higher education are three dimensions of higher education that have been of increasing interest to scholars and policy-makers during the past two decades in Europe and elsewhere. Analysing these phenomena and the relations between them is the main topic of this paper, considering the funding system as the basic issue. The paper presents each of three phenomena using a joint approach (definition of the phenomenon, its measurement, prevailing global world trends) and endeavours to explore the possibilities of measuring their mutual relationships.

Suggested Citation

  • Milena Bevc & Sonja Ursic, 2008. "Relations between funding, equity, and efficiency of higher education," Education Economics, Taylor & Francis Journals, vol. 16(3), pages 229-244.
  • Handle: RePEc:taf:edecon:v:16:y:2008:i:3:p:229-244 DOI: 10.1080/09645290802338037
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    References listed on IDEAS

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    1. Philip Andrew Stevens, 2005. "A Stochastic Frontier Analysis of English and Welsh Universities," Education Economics, Taylor & Francis Journals, vol. 13(4), pages 355-374.
    2. 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.
    3. 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.
    4. Johnes, Geraint, 1997. "Costs and Industrial Structure in Contemporary British Higher Education," Economic Journal, Royal Economic Society, vol. 107(442), pages 727-737, May.
    5. 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.
    6. de Groot, Hans & McMahon, Walter W & Volkwein, J Fredericks, 1991. "The Cost Structure of American Research Universities," The Review of Economics and Statistics, MIT Press, pages 424-431.
    7. Geraint Johnes, 1996. "Multi-product cost functions and the funding of tuition in UK universities," Applied Economics Letters, Taylor & Francis Journals, vol. 3(9), pages 557-561.
    8. Cohn, Elchanan & Rhine, Sherrie L W & Santos, Maria C, 1989. "Institutions of Higher Education as Multi-product Firms: Economies of Scale and Scope," The Review of Economics and Statistics, MIT Press, pages 284-290.
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    Cited by:

    1. Aleksander Aristovnik & Alka Obadic, 2011. "The Funding And Efficiency Of Higher Education In Croatia And Slovenia: A Non-Parametric Comparison With Eu And Oecd Countries," William Davidson Institute Working Papers Series wp1007, William Davidson Institute at the University of Michigan.
    2. Alka Obadić & Aleksander Aristovnik, 2011. "Relative efficiency of higher education in Croatia and Slovenia: an international comparison," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 13(30), pages 362-376, June.

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    Keywords

    higher education; funding; equity; efficiency;

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