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KMID : 1170320120180040041
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Korean Journal of Health Economics and Policy
2012 Volume.18 No. 4 p.41 ~ p.64
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An Analysis on Technical Inefficiency of Regional Public Hospitals using Stochastic Production Frontier Model
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Yang Dong-Hyun
Jang Young-Jae
Rho Jae-Whak
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Abstract
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This analysis studied on the technical inefficiencies of regional public hospitals using a stochastic production frontier model. For the empirical analysis the five year data from 2005 to 2009 of 32 regional public hospital data are used. The main focuses are given to reveal whether the technical inefficiency are improved as time goes by, and what is the prior causes of inefficiencies, if there exists. The results can be summarized as follows; First, the proper production model is the 5 elements translog production function rather than the simple labor and capital Cobb-Douglass production model. Second, the technical efficiency of in-patients has not being improved for the considered time of periods. Our findings have some policy implications. In case of in-patients, it is confirmed that there exists some inefficiencies, and those inefficiencies can not be overcome through just improving the inner management system. Rather than, the fact that the business environments which can be upgraded by the policy are needs to be improved is revealed.
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KEYWORD
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Stochastic Production Frontier Model, Efficiency, translog Production Function
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