University Funding Systems and Their Impact on Research and Teaching: A General Framework

22 Pages Posted: 17 May 2006

See all articles by John A. Beath

John A. Beath

University of St. Andrews

Joanna Poyago-Theotoky

University of East Anglia (UEA) - Norwich Business School; Australian National University (ANU) - College of Business and Economics; Rimini Center for Economic Analysis

David Ulph

University College London - Department of Economics; Government of the United Kingdom - Inland Revenue

Date Written: November 2005

Abstract

This paper addresses the following question: how does a higher education funding system influence the trade-off that universities make between research and teaching? We do so by constructing a general model that allows universities to choose actively the quality of their teaching and research when faced with different funding systems. In particular, we derive the feasible sets that face universities under such systems and show how, as the parameters of the system are varied, the nature of the university system itself changes. The culture of the university system thus becomes endogenous. This makes the model useful for the analysis of reforms in funding and also for international comparisons.

Keywords: University funding system, higher education, teaching quality, research quality, research elite

JEL Classification: I21, I22

Suggested Citation

Beath, John and Poyago-Theotoky, Joanna and Ulph, David, University Funding Systems and Their Impact on Research and Teaching: A General Framework (November 2005). Available at SSRN: https://ssrn.com/abstract=901832 or http://dx.doi.org/10.2139/ssrn.901832

John Beath

University of St. Andrews ( email )

St Salvator's College
St Andrews, Fife, KY16 9AJ
United Kingdom
(+44) (0)1334 462421 (Phone)
(+44) (0)1334 462444 (Fax)

Joanna Poyago-Theotoky (Contact Author)

University of East Anglia (UEA) - Norwich Business School ( email )

Norwich
NR4 7TJ
United Kingdom

Australian National University (ANU) - College of Business and Economics ( email )

Canberra
Australia

Rimini Center for Economic Analysis ( email )

Via Patara, 3
Rimini (RN), RN 47900
Italy

HOME PAGE: http://poyago-theotoky.com

David Ulph

University College London - Department of Economics ( email )

Gower Street
ESRC Center for Economics Learning and Social Evolution
London WC1E 6BT
United Kingdom
+44 20 7679 5862 (Phone)
+44 20 7916 2774 (Fax)

Government of the United Kingdom - Inland Revenue ( email )

Room F11, West Wing
Somerset House
London WC2R 1LB
United Kingdom
+44 20 7438 7487 (Phone)

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