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Analysis of the Efficiency of the Urban Development Corporations in Regional Government Using Data Envelopment Analysis

김홍주 1 Lee Hee-Yeon 2

1대한주택공사주택도시연구원
2서울대학교

Accredited

ABSTRACT

This study uses Data Envelopment Analysis(DEA) to assess the comparative efficiency of Urban Development Corporations(UDCs) in Regional Government. UDCs are charged of a large proportion of supply for public housing and land. DEA is used to evaluate how efficiently UDCs supply the housing and land to the regional citizen. In this study the efficiency is calculated by the function of input (labor, expenditure) to output (housing, land), based on data drawn from UDCs' operation annual reports. The result shows that mean efficiency of UDCs was 0.56 during 1999-2002 and six of the 32 DMU(decision making unit) cases showed most efficiency, meanwhile the variation of efficiency value is very large in some UDCs. Especially, efficiency value was different in metropolitan and provincial UDCs. The mean efficiency value of provincial UDCs is much higher than that of metropolitan UDCs. The efficiency of UDCs is affected by the internal factor (debt ratio) and external factors (financial independency, size of area). The results of this study suggest that input and output factors need to be adjusted to maximize the efficiency of UDCs' operation between metropolitan and provincial UDCs.

Citation status

* References for papers published after 2023 are currently being built.