Appraising the Cost Efficiency of Higher Technological and Vocational Education Institutions in Taiwan Using the Metafrontier Cost-Function Model

Autor/inn/en	Lu, Yung-Hsiang; Chen, Ku-Hsieh
Titel	Appraising the Cost Efficiency of Higher Technological and Vocational Education Institutions in Taiwan Using the Metafrontier Cost-Function Model
Quelle	In: Research in Higher Education, 54 (2013) 6, S.627-663 (37 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0361-0365
DOI	10.1007/s11162-013-9292-9
Schlagwörter	Foreign Countries; Higher Education; Vocational Education; Technology Education; Cost Effectiveness; Efficiency; Models; Regression (Statistics); College Administration; Economics; Public Colleges; Private Colleges; Taiwan + Suchen Sie Ihr Suchwort? Ausland; Hochschulbildung; Hochschulsystem; Hochschulwesen; Ausbildung; Berufsbildung; Technisch-naturwissenschaftlicher Unterricht; Kosten-Nutzen-Analyse; Kosten-Nutzen-Denken; Effectiveness; Effektivität; Wirkungsgrad; Analogiemodell; Regression; Regressionsanalyse; College administrators; Hochschulverwaltung; Volkswirtschaftslehre; Privathochschule
Abstract	This paper aims at appraising the cost efficiency and technology of institutions of higher technological and vocational education. Differing from conventional literature, it considers the potential influence of inherent discrepancies in output quality and characteristics of school systems for institutes of technology (ITs) and universities of technology (UTs). Moreover, to meet the purpose, this study conducted a seemingly unrelated regression--metafrontier cost-function model framework, which is extended from the classical metafrontier production function model and tailor-made for the theme. The econometric analysis utilizes a set of micro-level panel data that spans 6 years inclusive of 60 ITs and 29 UTs in Taiwan. The empirical results clearly reveal that the UTs own a superior cost-exploiting and -controlling capability for the operation of educational institutions to ITs', given the quality dimension. Further, the estimated results of public and private schools for the UTs indeed do not vary by a wide margin, but this is not the case for the ITs. The statistical figures imply that the UTs are significantly more efficient than the ITs. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10