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| Table A19. Equations for current-fund expenditures per full-time-equivalent enrollment and educational and general expenditures per full-time-equivalent enrollment in public 4-year institutions and public 2-year institutions | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dependent variable | Equation | R2 | Durbin-Watson statistic1 | Error distribution pattern2 | Time period | |||||||
| Current-fund expenditures per student in public 4-year institutions | DPUTCUR4 | = | 289.74 (4.48) | + | 2.12DDSTREV (2.33) | - | 1.68DPUFTE4 (-3.73) | 0.537 | 1.19 | AR(0) | 1968-69 to 2000-01 | |
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| 257DUMMY (-2.67) | |||||||||||
| Current-fund expenditures per student in public 2-year institutions | DPUTCUR2 | = | 47.94 (1.84) | + | 1.95DDSTREV (4.7) | - | 0.85DPUFTE2 (-5.54) | 0.725 | 1.90 | AR(0) | 1968-69 to 2000-01 | |
| Educational and general expenditures per student in public 4-year institutions | DPUED4 | = | 204.97 (2.93) | + | 2.38DDSTREV (2.42) | - | 1.64DPUFTE4 (-3.35) | 0.492 | 1.09 | AR(0) | 1968-69 to 2000-01 |
|
| - | 223DUMMY (-2.14) | |||||||||||
| Educational and general expenditures per student in public 2-year institutions | DPUED2 | = | 41.9 (1.51) | + | 1.97DDSTREV (4.46) | - | 0.73DPUFTE2 (-4.44) | 0.665 | 1.64 | AR(0) | 1968-69 to 2000-01 |
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| 1For an explanation of the Durbin-Watson statistic, see J. Johnston and J. Dinardo, Econometric Methods, New York: McGraw-Hill, 1996. | ||||||||||||
| 2AR(0) indicates that the models was estimated using least squares with no for correcting for autocorrelation. For a general discussion of the problem of autocorrelation, and the method used to forecast when correcting for autocorrelation, see G. Judge, W. Hill, R. Griffiths, H. Lutkepohl, and T. Lee, The Theory and Practice of Econometrics, New York: John Wiley and Sons, 1985, pp. 315-318. | ||||||||||||
| Where: | ||||||||||||
| DPUTCUR4 = Change from the previous year in current-fund expenditures per student in full-time-equivalent (FTE) enrollment in public 4-year institutions in constant 1982--84 dollars | ||||||||||||
| DPUTCUR2 = Change from the previous year in current-fund expenditures per student in FTE enrollment in public 2-year institutions in constant 1982-84 dollars | ||||||||||||
| DPUED4 = Change from the previous year in educational and general expenditures per student in FTE enrollment in public 4-year institutions in constant 1982-84 dollars | ||||||||||||
| DPUED2 = Change from the previous year in educational and general expenditures per student in FTE enrollment in public 2-year institutions in constant 1982-84 dollars | ||||||||||||
| DDSTREV = Change in the 2 years prior to the current year in the sum of personal tax receipts for state and local governments, and total state and local government tax (excluding property taxes) receipts in constant 1982-84 dollars | ||||||||||||
| DPUFTE4 = Change from the previous year in FTE enrollment in public 4-year institutions in thousands of students | ||||||||||||
| DPUFTE2 = Change from the previous year in FTE enrollment in public 2-year institutions in thousands of students | ||||||||||||
| DUMMY = Dummy variable equaling 1 when the inflation rate is greater than 8 percent and 0 otherwise | ||||||||||||
| SOURCE : U.S. Department of Education, National Center for Education Statistics, Higher Education Expenditure Models, 1968-69 to 2000-01. (This table was prepared October 2004.) | ||||||||||||
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