Cost Structure and Economies of Scale in Chilean Traditional Universities: Comparative Study between State and Private Universities of CRUCH
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Date
2019
Authors
Aguirre Álvarez. Juan Pablo
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Universitat de Lleida. Departament d'Administració d'Empreses
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Abstract
In Chile, over the years, higher education has experienced a series of changes, with the creation
of new universities and the subsequent increasing number of enrolled students, among
other transformations. At present, there is little information about the efficiency with which
the state resources are managed regarding this issue. This investigation identifies the main
variables affecting the cost of Chilean traditional private and state universities, entities that
constitute the Chilean Traditional University Council or CRUCH. Furthermore, this paper
presents an evaluation of economies of scale in these universities, becoming evident that
average remunerations and full-time equivalents are relevant in these entities’ production,
this last input is relevant because represent the available human resource to develop all the
products. The results of this research will provide tools that will make it possible to plan the
expansion of these institutions in all their production lines and to make decision regarding
the placement of resources by the State. Finally, the study has allowed us to conclude that
CRUCH private universities are not more cost efficient than public universities in all their
production lines, thereby destroying the premise that the public sector is managed less efficiently
than the private sector.
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New trends in accounting and management, 2019, núm. 17, p. 1-42