Show simple item record

dc.contributor.authorJiang, Nen_NZ
dc.contributor.authorDeng, Zen_NZ
dc.contributor.authorRuizhi, Pen_NZ
dc.date.accessioned2019-01-31T21:30:06Z
dc.date.available2019-01-31T21:30:06Z
dc.date.copyright2019-01-15en_NZ
dc.identifier.citationEconomics working paper series, Working Paper Series 2019, retrieved from: https://www.aut.ac.nz/research/academic-departments/economics/school-of-economics/working-paper-series/working-paper-series-2019
dc.identifier.urihttp://hdl.handle.net/10292/12209
dc.description.abstractThis paper develops a new factor-analysis-based (FAB) approach for choosing the optimal direction in a directional distance function (DDF) analysis. It has the combined merits of factor analysis and slacks-based measure (SBM) and incorporates the relative ease with which various input-output could be adjusted. This development relieves the dependency of price information that is normally unavailable in the provision of public goods. This new FAB-DDF model has been applied on a dataset containing all public hospitals in New Zealand (NZ) observed during 2011-2017. The empirical results indicate that the average reduction across different labor is in the range of 3-10 percent, and the corresponding figure for capital input is 25.7 percent. The case-adjusted inpatient-discharge and price-adjusted outpatient-visit are used as measures of desirable output, the average efficiencies are 92.7 percent and 99 percent respectively. Hospital readmission within 28 days of discharge is used as a measure for undesirable output, and the average efficiency score is 90 percent. These evidence support the suspicion that perverse incentives might exist under the National Health Targets abolished in 2018, which was a set of six indicators used in the last decade to evaluate the performance of local District Health Boards.
dc.publisherSchool of Economics. AUT University
dc.relation.urihttps://www.aut.ac.nz/research/academic-departments/economics/school-of-economics/working-paper-series/working-paper-series-2019en_NZ
dc.rightsAuckland University of Technology (AUT) encourages public access to AUT information and supports the legal use of copyright material in accordance with the Copyright Act 1994 (the Act) and the Privacy Act 1993. Unless otherwise stated, copyright material contained on this site may be in the intellectual property of AUT, a member of staff or third parties. Any commercial exploitation of this material is expressly prohibited without the written permission of the owner.
dc.subjectFactor-analysis-based measure; Directional distance function; NZ hospital efficiency; Hospital readmission
dc.titleFactor-analysis-based Directional Distance Function: The Case of New Zealand Hospitalsen_NZ
dc.typeWorking paper
dc.rights.accessrightsOpenAccessen_NZ
aut.relation.softwareversion19/01en_NZ
pubs.elements-id352023


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record