ERIC Number: EJ1039148
Record Type: Journal
Publication Date: 2013-Sep
Pages: 37
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0361-0365
EISSN: N/A
Appraising the Cost Efficiency of Higher Technological and Vocational Education Institutions in Taiwan Using the Metafrontier Cost-Function Model
Lu, Yung-Hsiang; Chen, Ku-Hsieh
Research in Higher Education, v54 n6 p627-663 Sep 2013
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.
Descriptors: Foreign Countries, Higher Education, Vocational Education, Technology Education, Cost Effectiveness, Efficiency, Models, Regression (Statistics), College Administration, Economics, Public Colleges, Private Colleges
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Taiwan
Grant or Contract Numbers: N/A