Premium
Measuring efficiency of Vietnamese public colleges: an application of the DEA‐based dynamic network approach
Author(s) -
Tran CarolynDung T. T.,
Villano Renato A.
Publication year - 2018
Publication title -
international transactions in operational research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.032
H-Index - 52
eISSN - 1475-3995
pISSN - 0969-6016
DOI - 10.1111/itor.12212
Subject(s) - vietnamese , data envelopment analysis , panel data , socioeconomic status , business , computer science , economics , industrial organization , econometrics , mathematics , sociology , statistics , population , philosophy , linguistics , demography
In Vietnam, public colleges play a crucial role in shaping the socioeconomic and educational development strategies and providing a skilled labor force needed for the country's market‐oriented economy. Using balanced panel data for 2011–2013, we use the integrated data envelopment analysis based dynamic network model to examine dynamic changes in efficiencies of public colleges in the education sector. This model allows simultaneously estimating efficiencies of financial and academic operations and the overall dynamic changes of colleges in a network structure. Our findings indicate that the overall efficiencies of colleges are, on average, 0.741 while the average efficiencies of the financial and academic operations are 0.722 and 0.760, respectively. Furthermore, the in‐city colleges are more efficient than others, 0.776 and 0.728, respectively.