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B0577
Title: Quality of European universities: Model uncertainty, endogeneity and testing of unobserved heterogeneity Authors:  Cinzia Daraio - University of Rome La Sapienza (Italy) [presenting]
Leopold Simar - Universite Catholique de Louvain (Belgium)
Paul Wilson - Clemson University (United States)
Abstract: Up-to-date econometric techniques are developed to test for the relevance of latent heterogeneity factors and to assess their impact on the efficient boundary of the production set. We extend a previous framework to account for endogeneity and latent heterogeneity. Our approach is implemented in the context of the quantitative assessment of European Higher Education systems. Higher Education Institutions (HEIs) carry out a complex production process. Multiple activities, such as teaching, research and third mission are realized by combining different inputs (or resources): human capital, financial stocks and infrastructures; to produce heterogeneous outputs, such as: undergraduate degrees, PhD degrees, scientific publications, citations, service contracts, patents, spin off and so on, within an heterogeneous environment in which size and subject mix play also an important role. Within this process, the quality of HEIs, which is an unobserved factor, play a crucial role. The main objective is to estimate this latent factor and assess its impact on the European Higher Education system.