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The economics of nonprofit organizations
Author(s) -
Hughes Patricia
Publication year - 2006
Publication title -
nonprofit management and leadership
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.844
H-Index - 54
eISSN - 1542-7854
pISSN - 1048-6682
DOI - 10.1002/nml.119
Subject(s) - point (geometry) , quality (philosophy) , nonprofit sector , economic analysis , economics , public relations , sociology , political science , classical economics , philosophy , mathematics , geometry , epistemology
This article presents an economic view of Nonprofit institutions and insight into what the discipline can offer Nonprofit practitioners. I review the theories and assumptions behind economic models, then give an overview of the major areas of economic research in the Nonprofit sector. I then discuss various factors to consider when judging the quality of economic research. The discussion then turns to a brief overview of the major statistical tool used by economists: regression analysis. The point is not to teach practitioners to become expert econometricians but to provide a framework to judge the quality of economic research. The article concludes with suggestions for economic research that may be undertaken at the firm level.