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Factors that Determine the Decline in University Student Enrolments in Economics in Australia: An Empirical Investigation
Author(s) -
Marangos John,
Fourmouzi Vasiliki,
Koukouritakis Minoas
Publication year - 2013
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/1475-4932.12038
Subject(s) - economics , panel data , recession , business economics , agricultural economics , econometrics , macroeconomics , microeconomics
This study attempts to determine empirically the factors that influence enrolments in economics and business based on data from a panel of Australian universities. Using a two‐equation dynamic reduced‐form system, our results indicate the following: past year enrolments in a certain field of study have the highest impact on that field of study; in periods of recession enrolments favour economics; female enrolments favour business studies over economics; an increase in total enrolments has a small negative effect on economics enrolments; and finally, there is a positive impact of the eight leading Australian universities (‘Group of Eight’) on economics enrolments.