An econometric model of a public university's income and enrollments

An econometric model of a public organization's income and outputs is applied to a public university and contains equations representing legislative demand for enrollments, students' attendance demand, and university supply. The results support the hypotheses that supply and the two demand...

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Bibliographic Details
Published in:Journal of economic behavior & organization 1990-12, Vol.14 (3), p.403-423
Main Authors: Hoenack, Stephen A., Pierro, Daniel J.
Format: Article
Language:English
Subjects:
Colleges & universities
Econometrics
Economic models
Input output analysis
Interest groups
Legislation
Public finance
Public sector
Statistical analysis
Supply & demand
Universities
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Summary:An econometric model of a public organization's income and outputs is applied to a public university and contains equations representing legislative demand for enrollments, students' attendance demand, and university supply. The results support the hypotheses that supply and the two demands determine the university's instructional funding and enrollments, and that interest groups affect legislative demand. While per student legislative funding for high cost graduate and professional students was not found to exceed that of undergraduates, evidence is presented that these enrollments are financed by the estimated discretionary funds resulting from the legislature's high cost of controlling academic activities.
ISSN:0167-2681
1879-1751
DOI:10.1016/0167-2681(90)90067-N