Efficiency and productivity of Greek higher technological educational institutions: an assessment over the period 2005-2009
by Constantinos Tsamadias; Panagiota Kyratzi
International Journal of Education Economics and Development (IJEED), Vol. 5, No. 3, 2014

Abstract: This study aims to measure efficiency and productivity change in Greek public higher technological educational institutions during 2005-2009 by using input-oriented data envelopment analysis and Malmquist analysis. The results indicate that a number of institutions operate inefficiently causing a significant waste of resources. The efficiency under constant returns to scale varies in interval [0.365-1.000] and under variable returns to scale in interval [0.811-1.000], with average efficiency score being 0.847 and 0.923 respectively. These results indicate that the investigated institutions could produce on average the same quantity of outputs with 15.3% or 7.7% less quantity of inputs. The scale efficiency varies in the interval [0.425-1.000] and the mean is 0.914. The findings suggest that these institutions on average refrain 8.6% from the optimal scale. The total factor productivity has risen by an annual average of 8.9% relatively to the base year 2005. The results provide directories indexes to management for improving their institutions' performance.

Online publication date: Fri, 31-Oct-2014

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