TITLE:
Determinants of Aggregate Demand for and Supply of Higher Education in India
AUTHORS:
Prakasam Geetha Rani, Annamalai Jegan
KEYWORDS:
Demand for Higher Education, Supply of Higher Education, OLS, 2SLS, India
JOURNAL NAME:
Modern Economy,
Vol.13 No.11,
November
24,
2022
ABSTRACT: The present paper
specifies system of demand and supply equations for enrolment in higher
education. GER and log enrollment are dependent variables, covering from
1980-81 to 2018-19 and estimated with OLS and 2SLS. GER models perform better than
log of enrolment models in both the cases. GER models indicate positive
relationship with income per capita while negative relationship with poverty
and literate population with both OLS and 2SLS. Regarding the supply equations,
none of the included variables are found to be statistically significant though
exhibit expected relationship. Reported negative ratio of boys to girls
indicate gender disparity, raising concerns. The paper concludes with policy
implications and suggested areas for future research.