Evaluation of Cost Efficiency of Thai Public Universities

Thai government budget allocation usually bases on customary guideline. Adjustment is made each year to accommodate expected inflation and to raise permanent staff's salary according to their performance. Public universities' budgets are granted on the same principle except for new projects which are approved according to good justification. Since salary accounts for 70-80% of the total annual budget, performances of faculty and supporting staff confine the success of the organizations. Public universities carry multifunctions, that is, academic, research, social services and culture conservation. In light of tight resource, the National Budget Bureau is in the process of reconsidering budget allocation method. This paper aims to analyze cost efficiency in producing a graduate in science, social science, research activities and other tasks conducted by 30 new public universities. Stochastic cost frontier analysis is employed. The results can pinpoint efficient unit cost of each output which could be used for benchmarking by less efficient universities.

並列關鍵字

Cost efficiency ； Government budget allocation ； Stochastic cost frontier ； Thai Public Universities ； Thailand

國際替代計量

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