The Finances of World Class Universities (Part 1)
Along with my colleague Marcos Ramos, I’ve been working recently on some analysis of “world-class universities” and how they have been getting on in the world. Over the next couple of days I’m going to just lay out some of this research. Buckle in: We define “world-class universities” as any institution in the top 200 of the 2017 Shanghai Academic Rankings of World Universities (ARWU). Our measure of financial clout is expenditures per student, converted to $US at purchasing-power-parity, using