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Optimal Ph D Student–Teacher Ratio for Indian Research Universities:A Production Function Approach
The notion of optimality pervades most domains of decision-making1, including human development2, resource allocation and optimality in human capital formation3,4. Some studies have estimated optimal school size with the view to enhancing student learning outcomes5. There have also been studies on the optimal amount of financial aid that is offered to students6. The notion of optimality should also pervade the higher education sector, as it places demands on scarce public funds and therefore needs rational rules for allocation.
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