TY - JOUR
T1 - Efficiency Evaluations of U.S. Public Higher Education and Effects of State Funding and Pell Grants
T2 - Panel Data Estimates Using Two Stage Data Envelopment Analysis, 2004-2013 Academic Years
AU - Thomas Sav, G.
N1 - Publisher Copyright:
© 2017, World Bank Publications Department. All rights reserved.
PY - 2017/3/1
Y1 - 2017/3/1
N2 - The Great Recession induced by the financial crisis accelerated the decades of declining state funding support for U.S. public higher education, while simultaneously bringing increased political pressures for demonstrating improvements in the operating efficiencies among all universities and colleges. The purpose of this paper is twofold. First, it provides estimates of those efficiencies and their changes over ten academic years, 2004 through 2013. Second, it provides estimates of the effects of state funding decreases on operating efficiencies, while also accounting for the large student enrollment recipients due to Pell Grant funds. A two stage data envelopment analysis is employed. First stage efficiencies enter the Tobit model in the second stage with state funding and Pell Grant measures as covariates. Panel data covers research, comprehensive, and associate institutions. Although the efficiency estimates are shown to vary widely across institutions, there is strong evidence that reversing state legislative decisions and increasing state funding would improve higher education efficiency.
AB - The Great Recession induced by the financial crisis accelerated the decades of declining state funding support for U.S. public higher education, while simultaneously bringing increased political pressures for demonstrating improvements in the operating efficiencies among all universities and colleges. The purpose of this paper is twofold. First, it provides estimates of those efficiencies and their changes over ten academic years, 2004 through 2013. Second, it provides estimates of the effects of state funding decreases on operating efficiencies, while also accounting for the large student enrollment recipients due to Pell Grant funds. A two stage data envelopment analysis is employed. First stage efficiencies enter the Tobit model in the second stage with state funding and Pell Grant measures as covariates. Panel data covers research, comprehensive, and associate institutions. Although the efficiency estimates are shown to vary widely across institutions, there is strong evidence that reversing state legislative decisions and increasing state funding would improve higher education efficiency.
KW - Higher Education
KW - Public Education
KW - State Aid
KW - Federal Aid
KW - Grants
KW - Efficiency
KW - Educational Finance
KW - Student Financial Aid
KW - Computation
KW - Retrenchment
KW - Statistical Analysis
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UR - https://corescholar.libraries.wright.edu/econ/258
U2 - 10.1353/jef.2017.a668214
DO - 10.1353/jef.2017.a668214
M3 - Article
SN - 0098-9495
VL - 42
SP - 357
EP - 385
JO - Journal of Education Finance
JF - Journal of Education Finance
IS - 4
ER -