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Efficiency and productivity of Greek higher technological educational institutions: an assessment over the period 2005-2009

Author

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  • Constantinos Tsamadias
  • Panagiota Kyratzi

Abstract

This study aims to measure efficiency and productivity change in Greek public higher technological educational institutions during 2005-2009 by using input-oriented data envelopment analysis and Malmquist analysis. The results indicate that a number of institutions operate inefficiently causing a significant waste of resources. The efficiency under constant returns to scale varies in interval [0.365-1.000] and under variable returns to scale in interval [0.811-1.000], with average efficiency score being 0.847 and 0.923 respectively. These results indicate that the investigated institutions could produce on average the same quantity of outputs with 15.3% or 7.7% less quantity of inputs. The scale efficiency varies in the interval [0.425-1.000] and the mean is 0.914. The findings suggest that these institutions on average refrain 8.6% from the optimal scale. The total factor productivity has risen by an annual average of 8.9% relatively to the base year 2005. The results provide directories indexes to management for improving their institutions' performance.

Suggested Citation

  • Constantinos Tsamadias & Panagiota Kyratzi, 2014. "Efficiency and productivity of Greek higher technological educational institutions: an assessment over the period 2005-2009," International Journal of Education Economics and Development, Inderscience Enterprises Ltd, vol. 5(3), pages 241-256.
    • Handle: RePEc:ids:ijeded:v:5:y:2014:i:3:p:241-256
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    Cited by:

    1. Panagiotis Pegkas & Constantinos Tsamadias, 2017. "Are There Separate Effects of Male and Female Higher Education on Economic Growth? Evidence from Greece," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(1), pages 279-293, March.
    2. Dimitrios Sotiriadis & Georgios Menexes & Constantinos Tsamadias, 2018. "Investigating the Efficiency of Senior Secondary Schools: Evidence from Schools in the Greek region of Central Macedonia," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 11(2), pages 36-43, September.

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