Efficiency in public higher education on Argentina 2004–2013: institutional decisions and university-specific effects

Latin American Economic Review

Table 3 Results: FE estimates

Variable	Model 1	Model 2	Model 3	Model 4	Model 5
Constant	0.74941***	0.51071***	1.037***	1.1518***	0.82781
High-ranked/low-ranked professors	0.00064*	0.00046*	0.00048*	0.00058**	0.00067*
Full-time/part-time positions	0.05429***	0.06633***	0.06912***	0.06870***	0.06844***
Science Budget		− 0.01524	− 0.0135	− 0.01303	− 0.01423
Research Incentives Budget			− 0.04326	− 0.04335	− 0.05445
Infrastructure Budget				− 0.01826	− 0.01705
Operation Expenses					− 0.05721
Administrative Staff					0.05626
Year dummies	Yes	Yes	Yes	Yes	Yes
R²-within	0.1847	0.2150	0.2220	0.2300	0.2501
\(\rho\)	0.8207	0.8235	0.8291	0.8325	0.8483
Sample size	300	290	289	289	289

Dependent variable is \(h_{jt}^{*}\) for all the models
Alternative specifications based on Random Effects (RE) were estimated as well, but the Hausman rejected the RE option under all the specifications considered
* Stands for statistically significant at 10%
** Statistically significant at 5%
*** Statistically significant at 1%