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Measuring the efficiency and productivity change of Greek universities over the time period 2005-2009

Author

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  • Panagiota Kyratzi
  • Constantinos Tsamadias
  • Dimitrios Giokas

Abstract

The study investigates the efficiency and productivity in Greek public universities. It measures efficiency and productivity during 2005-2009, by using input-oriented data envelopment analysis and Malmquist analysis. The results of empirical analysis indicate that a number of universities operate inefficiently, that causes a significant waste of resources. The efficiency under constant returns to scale vary in interval [0.320-1.000] and under variable returns to scale in interval [0.581-1.000], with average efficiency score being 0.834 and 0.899 respectively. These reveal that universities could produce on average the same quantity of outputs with 16.6% or 10.1% less quantity of inputs. The scale efficiency varies in the interval [0.482-1.000] and the mean is 0.921. The findings suggest that universities on average refrain 7.9% from the optimal scale. The total factor productivity has risen by an annual average of 2.9% relatively to the base year 2005. The results provide 'tools' improving universities performance.

Suggested Citation

  • Panagiota Kyratzi & Constantinos Tsamadias & Dimitrios Giokas, 2015. "Measuring the efficiency and productivity change of Greek universities over the time period 2005-2009," International Journal of Education Economics and Development, Inderscience Enterprises Ltd, vol. 6(2), pages 111-129.
    • Handle: RePEc:ids:ijeded:v:6:y:2015:i:2:p:111-129
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    Citations

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    Cited by:

    1. Stylianos Gr. Margaritis, 2021. "Evaluation of Upper Secondary Schools on Efficiency and Productivity Change in 2016-2019: Empirical evidence from schools in the region in Central Greece," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 71(3-4), pages 101-121, July-Dece.
    2. Panagiotis Pegkas & Constantinos Tsamadias, 2017. "Are There Separate Effects of Male and Female Higher Education on Economic Growth? Evidence from Greece," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(1), pages 279-293, March.
    3. Dimitrios Sotiriadis & Georgios Menexes & Constantinos Tsamadias, 2018. "Investigating the Efficiency of Senior Secondary Schools: Evidence from Schools in the Greek region of Central Macedonia," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 11(2), pages 36-43, September.

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