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Economic Efficiency of Cultural Institutions: The Case of Museums in Slovakia

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  • Miriam Sebova

Abstract

The efficiency analysis is widely applied in public institutions, but they are still rarely used in case of cultural institutions. The paper deals with the technical efficiency of museums that are characterized by diverse activities and multiple objectives. This multidimensionality complicates the evaluation of efficiency by using traditional economic methods. The paper evaluates the technical efficiency of museums in Slovakia using the method Data Envelopment Analysis. The objective of the paper was to identify key indicators suitable for analyzing efficiency based on available cultural statistics. The appropriate indicators were selected using multivariate statistical techniques - Principal Component Analysis. The findings of the analysis point to significant differences in the efficiency of slovak museums and enable defining the characteristics of the most effective museums. As this is the first analysis of the efficiency of Slovak museums, the findings can be helpful in practice for improving the statistical surveys about museums and their efficiency in Slovakia.

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  • Miriam Sebova, 2018. "Economic Efficiency of Cultural Institutions: The Case of Museums in Slovakia," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(4), pages 203-214.
    • Handle: RePEc:mje:mjejnl:v:14:y:2018:i:4:p:203-214
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    2. François Mairesse & Philippe Vanden Eeckaut, 2002. "Museum Assessment and FDH Technology: Towards a Global Approach," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 26(4), pages 261-286, November.
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    8. Luis César Herrero-Prieto, 2013. "Is Museum Performance Affected By Location And Institution Type? Measuring Cultural Institution Efficiency Through Non-Parametric Techniques," The Institute for International Integration Studies Discussion Paper Series iiisdp425, IIIS.
    9. Carmen Camarero & Mª Garrido & Eva Vicente, 2011. "How cultural organizations’ size and funding influence innovation and performance: the case of museums," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 35(4), pages 247-266, November.
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    1. Calogero Guccio & Marco Martorana & Isidoro Mazza & Giacomo Pignataro & Ilde Rizzo, 2020. "An analysis of the efficiency of Italian museums using a generalised conditional efficiency model," ACEI Working Paper Series AWP-06-2020, Association for Cultural Economics International, revised Feb 2020.
    2. Calogero Guccio & Marco Martorana & Isidoro Mazza & Giacomo Pignataro & Ilde Rizzo, 2019. "An analysis of the efficiency of Italian museums using a generalised conditional efficiency model," ACEI Working Paper Series AWP-06-2019, Association for Cultural Economics International, revised Dec 2019.

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