Stochastic Estimation of Cost Frontier: Evidence from Bangladesh

Autor/in	Mamun, Shamsul Arifeen Khan
Titel	Stochastic Estimation of Cost Frontier: Evidence from Bangladesh
Quelle	In: Education Economics, 20 (2012) 2, S.211-227 (17 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0964-5292
DOI	10.1080/09645292.2010.494836
Schlagwörter	Evidence; Universities; Measures (Individuals); Foreign Countries; Cost Effectiveness; Audits (Verification); Productivity; College Outcomes Assessment; Outcomes of Education; Economic Impact; Measurement Objectives; Measurement Techniques; Microeconomics; Educational Quality; Predictor Variables; Input Output Analysis; Educational Assessment; Educational Indicators; Bangladesh + Suchen Sie Ihr Suchwort? Evidenz; University; Universität; Messdaten; Ausland; Kosten-Nutzen-Analyse; Kosten-Nutzen-Denken; Produktivität; Lernleistung; Schulerfolg; Ökonomische Determinanten; Messtechnik; Mikroökonomie; Quality of education; Bildungsqualität; Prädiktor; Education; assessment; Bewertungssystem; Educational indicato; Bildungsindikator; Bangladesch
Abstract	In the literature of higher education cost function study, enough knowledge is created in the area of economy scale in the context of developed countries but the knowledge of input demand is lacking. On the other hand, empirical knowledge in the context of developing countries is very meagre. The paper fills up the knowledge gap, estimating a quadratic cost frontier for the public universities in Bangladesh and thereby analysing economies of scale, economies of scope and input demand choice. The study is based on the panel data for Year 2002-2007. Findings show that there are economies of scale up to 350% of the mean output level in the public university, and the critical value of cost-minimizing demand for factor input labour is 48%. The paper shows that an economy of scale has relative advantage over cost-minimizing input choice in minimizing average production cost in the public university. (Contains 15 notes and 9 tables.) (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10