Measuring Public Owned University Departments' Efficiency: A Bootstrapped DEA Approach

George Halkos, Nickolaos G. Tzeremes and Stavros Kourtzidis

Journal of Economics and Econometrics, 2012, vol. 55, issue 2, 1-24

Abstract: This article uses Data Envelopment Analysis (DEA) in order to determine the performance levels of 16 departments of a public owned university. Particularly, the constant returns to scale (CRS) and variable returns to scale (VRS) models have been applied alongside with bootstrap techniques in order to determine accurate performance estimates. The study illustrates how the recent developments in efficiency analysis and statistical inference can be applied when evaluating institutional performance issues. The results reveal the existence of misallocation of resources or/and inefficient application of departments’ policy development.

Keywords: Departments’ efficiency; Data Envelopment Analysis; bootstrap techniques; Kernel density estimation. (search for similar items in EconPapers)
JEL-codes: C60 C67 I20 I23 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (15)

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