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27.2.05 [ And, Pretty Much back to Square One ] 0 comments

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Well, I have made some considerable leaps forward on my model of the market for advanced education; I have just finished running the data through Shazam--which means, yes, I managed to find some data. This is the only good news, however.

Sadly, there is not enough institutions in Alberta to do a cross-sectional analysis (I'm only missing three; grr.). And, data has not been collected by Statistics Canada for long enough to run a time-series analysis on the national numbers. So, I resorted to using American information, which already might not be applicable for Canadian application. Moreover, there is no good data for general undergraduate employment rates (you'd have to do some sort of cohort survey, which no one has done).

I guess what I'm trying to say here is that I have conclusive data in support of a notion that the demand for post-secondary education is price-elastic, but not much beyond that. No coefficients for government funding (which was the point of this study anyway).

If anyone cares (which I don't, not really), for every dollar that tuition increases, enrollment decreases by 0.14. That is, a five hundred dollar increase in tuition means that 70 fewer people will enroll themselves at your institution. Arg!

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