A considerable sum of money is allocated to UK universities on the basis of Research Assessment Exercise performance. In this paper we analyse the impact of the two main funding models on the intra-territorial and intra-regional allocation of funds. We also examine the effect of the present system of territorial safety nets and discuss the impact…

Uses panel data on 1982 to 1996 state appropriations to examine the sensitivity of results from the legislative-demand model to changes in statistical methodology employed. Signs and significant levels of variables used in this model vary widely when least-squares and fixed-effects methods are used. Expected relationships between state…

Demonstrates that popular assertions regarding the social benefits of additional higher education are dubious. Reveals four decisive factors: presumed economic growth; changes in graduates' and nongraduates' relative earnings; differences between the marginal and average student; and belief in scale economies. Unless economic growth favors…

Reviews, from a management accountant and funding council chief executive's perspective, relationship among (British) funding council models for competitive funding of higher education institutions, resource management, and quality assessments of teaching and learning. Posits a constrained funding environment for the rest of the 1990s. Concludes…

This paper puts forth a data envelopment analysis (DEA) approach to estimating higher education institutions' per-student education costs (PSCs) in an effort to redress a number of methodological problems endemic to such estimations, particularly the allocation of shared expenditures between education and other institutional activities. An example…

Estimates the rates of return to overeducation in the United Kingdom, using the 1991 British Household Panel Survey. Describes three approaches to analyzing skill utilization and their returns. Analyzes characteristics of the overeducated and undereducated work force. Overeducation is part of an adjustment in the labor market and tends to…