Abstract
Public colleges respond to funding shocks by adjusting the quality of learning. We motivate a college production function that recognize that colleges’ ‘output’ has a quality dimension and, recognize that level of resources use in all categories are endogenous. We deploy a technique that yields consistent estimates of partial elasticities of six-year graduation rate with respect to expenditures that directly touch student learning and college experience in U.S. public teaching colleges. Our finding suggests that during 1987 – 2015, administrative spending category was over funded and instruction, academic support and student service categories were underfunded.
Recommended Citation
Swaleheen, Mushfiq
(2025)
"Elasticity of Six-year Graduation Rate With Respect To Selected Categories of Expenditure: A Study of U.S. Public Teaching Colleges,"
Journal of Business, Industry, and Economics: Vol. 30, Article 5.
Available at:
https://roar.una.edu/jobie/vol30/iss1/5