Overseas students' fees and the demand for education

Layard, Richard; Petoussis, E.

doi:10.1080/00036848500000037

Cited by 2 publications

(1 citation statement)

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“…The results indicate that fees and distance (or fares) are the most significant of the measured variables explaining choice of country of study. Demand for Australian tertiary education amongst private overseas students appears to be relatively inelastic with respect t o price; over the ranges of variation covered by the data the elasticity of demand with respect to fees is estimated to be about -0.6, a result consistent with earlier evidence for the UK (Layard and Petoussis, 1982). Demand is more responsive to relative fares, with an elasticity estimate here of about -2.2.…”

Section: Demand Considerationssupporting

confidence: 82%

Economic Aspects of the Foreign Student Question*

Throsby

1986

Economic Record

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Foreign students comprise about 4 per cent of total student enrolments at Australian universities and colleges. The numbers of private overseas students in Australia are regulated by quota and by the imposition of a subsidized fee. Australian government policy towards overseas students has been discussed in two recent government reports which reach conflicting conclusions about desirable policy changes. This paper puts forward the arguments against which the economic aspects of these two reports can be judged, discussing the theoretical basis for regulation by fees and quotas and applying these considerations in the present A ustralian context. It is found that, despite some recent moves in the right direction, Australian policy towards foreign students and towards the use of tertiary education as a medium of foreign aid, is still short of ideal when judged on economic grounds.

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Section: Demand Considerationssupporting

confidence: 82%