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Estimating Economic Efficiencies of Public Sector Organisations with Stochastic Frontier Analysis: Evidence from Turkish Higher Education

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  • Erkoc, Taptuk Emre

Abstract

This paper investigates 53 public HEIs in Turkey between 2005 and 2010 including 5 full academic terms to estimate both their cost frontier and inefficiencies. The initial findings of six different models imply that Turkish universities perform quite well concerning their overall efficiency values albeit with variations among them. Besides, within this five-year time span, Turkish universities have not shown any improvement in their efficiencies based on Battese and Coelli's (1992) time variant model. In addition to that, the determinants of inefficiencies in Turkish HEIs are dependent upon certain variables. The size of HEIs is seen to be the most influential factor behind inefficiencies referring to the fact that small size universities are expected to experience relatively higher efficiency results. Subsequently, the impact of load factor is as important as the size effect. The negative coefficient implies that, universities with higher load factor demonstrate better efficiency performances. Moreover, age of the university, the percentage of foreign students, percentage of full-time faculty and having medical school are the other variables reducing efficiency in HEIs based on the only one model. Percentage of professors does not have any influence on the inefficiencies according to the both two models.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 54101.

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Date of creation: 18 Dec 2013
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Handle: RePEc:pra:mprapa:54101

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Keywords: Panel Data Models; Stochastic Frontier Analysis; Cost efficiency; Universities;

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  1. Johnes, Geraint & Johnes, Jill, 2009. "Higher education institutions' costs and efficiency: Taking the decomposition a further step," Economics of Education Review, Elsevier, vol. 28(1), pages 107-113, February.
  2. Ray Barrell, 1999. "Labour productivity and convergence within Europe: East German and Irish experience," NIESR Discussion Papers 185, National Institute of Economic and Social Research.
  3. Daghbashyan, Zara, 2011. "The Economic Efficiency of Swedish Higher Education Institutions," Working Paper Series in Economics and Institutions of Innovation 245, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies, revised 17 Dec 2012.
  4. Mensah, Yaw M. & Werner, Robert, 2003. "Cost efficiency and financial flexibility in institutions of higher education," Journal of Accounting and Public Policy, Elsevier, vol. 22(4), pages 293-323.
  5. Greene, William, 2005. "Reconsidering heterogeneity in panel data estimators of the stochastic frontier model," Journal of Econometrics, Elsevier, vol. 126(2), pages 269-303, June.
  6. Mehdi Farsi & Massimo Filippini & Michael Kuenzle, 2005. "Unobserved heterogeneity in stochastic cost frontier models: an application to Swiss nursing homes," Applied Economics, Taylor & Francis Journals, vol. 37(18), pages 2127-2141.
  7. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
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