Journal
APPLIED ECONOMICS
Volume 45, Issue 1, Pages 47-54Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/00036846.2011.579061
Keywords
hospitals; stochastic cost frontier; latent class model; technical efficiency; panel data
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This article analyses the technical efficiency of Portuguese hospitals from 1997 to 2008 with the latent class frontier model, enabling the identification of different segments in the cost frontier. It is found that there are three statistically significant segments in the sample, leading to the conclusion that no common health policy can be applicable to all the hospitals analysed, calling rather for policies conceived for each hospital segment identified. The health policy based in the identified segments enables a more accurate and cost effective management of resources.
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