Title: Efficiency differences of government investment projects: an application of a DEA and Tobit analysis

Authors: Yunna Wu; Xinli Xiao; Zongyun Song

Addresses: School of Economics and Management, North China Electric Power University, No. 2 Beinong Road, Huilongguan Town, Changping District, Beijing 102206, China ' School of Economics and Management, North China Electric Power University, No. 2 Beinong Road, Huilongguan Town, Changping District, Beijing 102206, China ' School of Economics and Management, North China Electric Power University, No. 2 Beinong Road, Huilongguan Town, Changping District, Beijing 102206, China

Abstract: Previous studies have evaluated the investment efficiency of the government from a macro perspective, but few studies focus on specific projects with government investment. Therefore, this paper presents a method that combines data envelopment analysis and Tobit regression, which highlights the sources of funds, social benefits and influencing factors. It concludes that the overall efficiency of government investment projects (GIPs) is very high, but the excessive input and insufficient output are widespread and big improvement spaces exist; the public requirements rank first of all the influencing factors. This paper can provide references to guide the GIPs to gradually obtain better investment efficiencies.

Keywords: China; data envelopment analysis; efficiency evaluation; government investment projects; Tobit regression.

DOI: 10.1504/IJTPM.2017.083743

International Journal of Technology, Policy and Management, 2017 Vol.17 No.1, pp.58 - 76

Received: 08 Jun 2016
Accepted: 02 Aug 2016
Published online: 21 Apr 2017 *

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