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Author Horne, Jocelyn ♦ Hu, Baiding
Source CiteSeerX
Content type Text
File Format PDF
Subject Domain (in DDC) Computer science, information & general works ♦ Data processing & computer science
Subject Keyword Cost Efficiency ♦ Australian University ♦ Jel Classification C23 ♦ Australian Economic Paper ♦ Cost Function ♦ Teaching Resource ♦ Policy Inference ♦ Main Finding ♦ Identical Cost Function ♦ Panel Data Set ♦ Previous Cost ♦ Stochastic Frontier Analysis ♦ Present Study Differs ♦ Relative Term ♦ Efficiency Study ♦ Econometric Testing ♦ Efficiency Ranking
Abstract The purpose of this paper is to quantify the efficiency with which Australian universities utilise their teaching resources. The study estimates the cost efficiency of 36 universities over the period 1995-2002 using stochastic frontier analysis. The present study differs from previous cost and efficiency studies of Australian universities in two respects. First, it employs stochastic frontier analysis for the specification of a cost function for Australian universities which allows for the estimation of cost efficiency for each university under study. Second, a panel data set is utilised in the estimation of the cost function which enables not only comparisons of cost efficiency between universities but also an econometric testing of the assumption of an identical cost function for every university. The main finding is that universities are not operating efficiently as measured by cost efficiency and in relative terms. An efficiency ranking is derived and policy inferences are discussed.
Educational Role Student ♦ Teacher
Age Range above 22 year
Educational Use Research
Education Level UG and PG ♦ Career/Technical Study
Learning Resource Type Article
Publisher Date 2005-01-01