The cost structure of higher education in further education colleges in England |
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Authors: | Pamela Lenton |
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Affiliation: | Department of Economics, University of Sheffield, South Yorkshire, S1 4DT, UK |
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Abstract: | This paper examines the cost of the increased provision of higher education courses within further education colleges in England. We believe this to be the first attempt to fit a cost function specifically to the further education sector. Cost functions for a sample of 96 colleges over a 2-year period, from 2000 to 2002, are fitted using a panel data methodology as well as stochastic frontier analysis. We compare and contrast our findings with a sample of 959 US colleges. Our findings indicate that most further education colleges are able to benefit from economies of scale. Results from both methodologies suggest the presence of product-specific economies of scale, substantial ray economies of scale and indicate that higher education classroom-based courses, such as business studies, as well as vocational courses display substantial economies of scope. |
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Keywords: | C21 C23 I21 |
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