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MCS
2008
Springer

Estimation of cost efficiency of Australian universities

8 years 2 months ago
Estimation of cost efficiency of Australian universities
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 discuss...
Jocelyn Horne, Baiding Hu
Added 13 Dec 2010
Updated 13 Dec 2010
Type Journal
Year 2008
Where MCS
Authors Jocelyn Horne, Baiding Hu
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