A Study on Efficiency for the Department of Trade in Universities

  • Park, Hyun-Chae (Department of Business Administration, Chonnam National University) ;
  • Kang, In-Kyu (Department of Business Administration, Chonnam National University)
  • Received : 2011.11.29
  • Accepted : 2011.12.26
  • Published : 2011.12.30

Abstract

85% of South Korea's gross domestic product(GDP) depends on trade. Exports amount in 2011 exceeds $ 5,000Billion. Korea is expected to achieve $ 1 trillion in total trade volume and will become finally the ninth in the world. We do not have a lot of natural resources and are bound to export the finished products to pursue economic development. In other words, trade sector is very essential for Korea to continue economic growth. The department of trade in universities have brought up the concerned students serving for trade sectors. Currently, "half-price tuition" in universities has become very controversial issue in Korea so this paper studies the efficiency of "the Department" because the universities may reconsider the adjustment of tuition fee, if they can enhance the efficiency level. DEA model is used for the analysis. As a result, 8 DMUs like KAN1, KEI5, BAE10 etc. show relatively higher efficiency levels.