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Multi-product cost functions : An application to the production characteristics of secondary education in Flanders

Author

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  • Mike SMET

    (Studiecentrum voor Economisch en Sociaal Onderzoek (SESO), University of Antwerp (UFSIA))

Abstract

This study estimates two multi-product cost functions for the entire population of 773 Flemish secondary schools supplying a six year study program. From the estimated parameters of a quadratic and a generalised translog cost function the degree of ray and product specific (dis)economies of scale as well as the degree of (dis)economies of scope is determined. The paper also describes how marginal costs ans costs elasticities can be derived. Three major study fields can be distinguished. Students loads in each of these study fields are used as output variables. Evidence is found for ray economies of scale and global economies of scope. Especially in technical education product specific economies of scale could be realised. Cost savings by supplying two study fields jointly (pairwise scope effects) are also considerable.

Suggested Citation

  • Mike SMET, 1998. "Multi-product cost functions : An application to the production characteristics of secondary education in Flanders," Discussion Papers (REL - Recherches Economiques de Louvain) 1998043, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvre:1998043
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    File URL: http://sites.uclouvain.be/econ/DP/REL/1998043.pdf
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    Cited by:

    1. Smet, Mike, 2001. "Determining the optimal size of study fields in Flemish secondary education," Economics of Education Review, Elsevier, vol. 20(5), pages 443-457, October.

    More about this item

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship

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