The Impact of Regional Endowment and University Characteristics on University Efficiency
20 Pages Posted: 7 Feb 2005 Last revised: 19 Oct 2010
Date Written: October 17, 2010
Abstract
This study examines the impact of both university characteristics and regional endowment factors on the efficiency of universities at providing teaching and research. Evidence from 94 universities located in different areas of the UK provides compelling evidence that factors beyond the control of the university management shape technical efficiency. In particular, we analyze whether regional endowment can disadvantage universities and thus reduce their efficiency in producing their outputs. Our overall results show that (i) universities are more efficient providers of teaching than research; (ii) the variation in efficiency is larger for research than for teaching, and (iii) student ability negatively correlates with the degree of inefficiency. Finally, we find compelling evidence that regional endowment significantly matters for teaching and research efficiency. While (iv) university characteristics significantly matter for research efficiency, (v) environmental factors or regional endowment strongly influence teaching, research, and overall efficiency.
Keywords: efficiency, data envelopment analysis, resource allocation, teaching and research, regional endowment
JEL Classification: I21
Suggested Citation: Suggested Citation
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