Persistent Cost Efficiency at Public Community Colleges in the US: A Stochastic Frontier Analysis.

ABSTRACT: This study utilizes an extensive panel data set spanning 15 years (2004-2018) and 752 public community colleges to investigate operating costs and persistent cost efficiency at public community colleges in the United States. We employ a generalized true random effects (GTRE) regression model that takes into account spatial correlation of costs among community colleges, to estimate cost efficiency via stochastic frontier analysis (SFA). The results reveal a positive relationship between operating costs and associate degrees and certificates as well both human (part- and full-time faculty) and financial resources (local, state and federal funding and tuition revenue), controlling for other variables. Furthermore, with an average persistent (long-term) efficiency of 87%, few institutions are

SUBMITTER: Titus MA 

PROVIDER: S-EPMC8032850 | biostudies-literature | 2021

REPOSITORIES: biostudies-literature