• Title/Summary/Keyword: Tobit Analysis

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Benchmarking the Regional Patients Using DEA : Focused on A Oriental Medicine Hospital (자료포락분석방법을 이용한 내원환자의 지역별 벤치마킹분석 : 일개 한방병원을 중심으로)

  • Moon, Kyeong-Jun;Lee, Kwang-Soo;Kwon, Hyuk-Jun
    • The Journal of Society for e-Business Studies
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    • v.19 no.3
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    • pp.91-105
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    • 2014
  • This study purposed to benchmark the number of patients who visited an oriental medicine hospital from its surrounding regions using data envelopment analysis (DEA) model, and to analyze the relationships between regional characteristics and efficiency scores from DEA. Study data was collected from one oriental medicine hospital operated in a metropolitan city in Korea. Patient locations were identified at the smallest administrative district, Dong, and number of patients was calculated at the Dong level based on the address of patients in hospital information system. Socio-demographic variables of each Dong were identified from the Statistics of Korea web-sites. DEA was used to benchmark the number of patients between Dongs and to compute the efficiency scores. Tobit regression analysis model was applied to analyze the relationship between efficiency scores and regional variables. 6 Dongs were identified as efficient after DEA. In Tobit analysis, number of medical aid recipients and number of total population in each Dong was significant in explaining the differences of efficiency scores. The study model introduced the application of DEA model in benchmarking the patients between regions. It can be applied to identify the number of patients in each region which a hospital needs to improve their performances.

The determinants of the youth employment rate using panel tobit model (패널 토빗모형을 이용한 청년채용비율 결정요인 분석)

  • Park, Sungik;Ryu, Jangsoo;Kim, Jonghan;Cho, Jangsik
    • Journal of the Korean Data and Information Science Society
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    • v.28 no.4
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    • pp.853-862
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    • 2017
  • In this study, we analyse the determinants of the youth employment rate of public agencies and local public enterprises. On the other hand the youth employment rate contains information of the youth employment rate and the size of the youth employment. We use pooled tobit model and panel tobit model since dependent variable is a censored form observed only in a certain area. The results of the analysis are summarized as follows. First, the panel tobit model is more statistically significant as compared to the combined tobit model. Second, the youth employment rate is more statistically significantly higher in 2014 and 2015 than in 2011. Third, the youth employment rate in public enterprises is more statistically significantly higher than that in local public agencies. Finally, the higher the average wage is, the lower the youth employment ratio is.

Determinants of the Extent of Individual Credit Rationing: A Case Study of Can Tho Military Commercial Joint Stock Bank, Vietnam

  • DANG, Quang Vang;TRAN, Viet Thanh Truc;VUONG, Quoc Duy
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.7
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    • pp.81-91
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    • 2022
  • The aim of this paper was to analyze the determinants of the extent of individual credit rationing at Can Tho Military Commercial Joint Stock Bank (MB). The data was collected from 150 customers according to the systematic random sampling method listed in the bank. This study employed quantitative analysis methods, and Tobit regression model, to test the proposed hypotheses. The results showed that the average loan amount of an individual customer was 1,181.3 million VND, the average credit limit was 48.6%, and the average interest rate was 10.9% per year. Most of the individual customers borrowed money to buy properties. In addition, the analysis results also indicated that individual borrowers still faced some difficulties in accessing bank credit, such as cumbersome procedures, long waiting times, insufficient collateral assets, and loan documents. The results of the Tobit model pointed out that there were five factors affecting the degree of credit rationing to individual customers at the bank, including (1) Collateral, (2) Income, (3) Credit history, (4) Loan purpose, (5) Relationship between borrower and bank. Based on the empirical findings, the possible solutions for the bank and individual borrowers to improve credit efficiency for individual customers at commercial banks are obtained.

Simultaneous Equation Bivariate Tobit Analysis of Bottled Water and Water Purifier Consumption Expenditures (생수 및 정수기 소비지출에 대한 이변량 토빗 연립방정식 분석)

  • Yoo, Seung Hoon
    • Environmental and Resource Economics Review
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    • v.12 no.4
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    • pp.559-577
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    • 2003
  • This paper analyzes household bottled water and water purifier expenditures, taking into account three important characteristics: expenditures may be censored at zero, may be interdependent across expenditure type, and may be endogenously and jointly determined. Censoring, interdependence, and endogeneity of the two expenditures are examined through simultaneous equation bivariate Tobit model. Expenditure function parameters are estimated using a 1997 household survey data collected in Seoul. The study detected interdependence between the two expenditures in the data. Moreover, the coefficient of one expenditure variable is statistically significant in the other expenditure equation. Thus, the overall results show that the simultaneous equation bivariate Tobit model employed here is appropriate for this analysis of the two expenditures. Finally estimated income and household size elasticities of the expenditures are presented.

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Using Tobit Regression Analysis to Further Understand the Association of Youth Alcohol Problems with Depression and Parental Factors among Korean Adolescent Females

  • Delva, Jorge;Grogan-Kaylor, Andrew;Steinhoff, Emily;Shin, Dong-Eok;Siefert, Kristine
    • Journal of Preventive Medicine and Public Health
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    • v.40 no.2
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    • pp.145-149
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    • 2007
  • Objectives : This study characterized the extent to which youth depressive symptoms, parental alcohol problems, and parental drinking account for differences in alcohol-related problems among a large sample of adolescent females. Methods : The stratified sample consists of 2077 adolescent females from twelve female-only high schools located in a large metropolitan city in the Republic of Korea. Students completed a questionnaire about alcohol use and alcohol problems, their parents' alcohol problems, and a number of risk and protective factors. Data were analyzed using tobit regression analyses to better characterize the associations among variables. Results : Almost two-thirds of students who consume alcohol had experienced at least one to two alcohol-related problems in their lives and 54.6% reported at least one current symptom of depression, with nearly one-third reporting two depressive symptoms. Two-thirds of the students indicated that at least one parent had an alcohol-related problem, and that approximately 29% had experienced several problems. Results of tobit regression analyses indicate that youth alcohol-related problems are positively associated with depressive symptoms (p<0.01) and parent drinking problems (p<0.05). Parental drinking is no longer significant when the variable parental attention is added to the model. Decomposition of the tobit parameters shows that for every unit of increase in depressive symptoms and in parent drinking problems, the probability of a youth experiencing alcohol problems increases by 6% and 1%, respectively. For every unit of increase in parental attention, the probability of youth experiencing drinking problems decreases by 5%. Conclusions : This study presents evidence that alcohol-related problems and depressive symptoms are highly prevalent among adolescent females. Although a comprehensive public health approach is needed to address drinking and mental health problems, different interventions are needed to target factors associated with initiation of alcohol problems and those associated with increased alcohol problems among those who already began experiencing such problems.

A Study on the Efficiency and Its Determinants in Korea's Service Sectors Using DEA (자료포락분석(DEA)를 이용한 우리나라 서비스산업의 효율성과 결정요인 분석)

  • Bae, Se-Young
    • Journal of Digital Convergence
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    • v.19 no.10
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    • pp.339-348
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    • 2021
  • This paper aims to analyze the production efficiency in Korea's ten service sectors using DEA and its determinants utilizing a truncated-Tobit regression model and a censored-Tobit regression model in 2010-2019. This paper found: First, the Korean service sector's production efficiency in general has been significantly low and polarized. Especially, the inefficiency resulted from the scale inefficiency in the 'sewerage waste management industry.' Second, in the determinants analysis, the results show the positive effect of the investment and R&D expenses on technical efficiency, while FDI and lobbying expenses illustrate the negative impact. Moreover, it seems that the larger the industry, the higher the efficiency. Thus, the future Korean government's economic policy for the service sectors requires a mixed and integrated policy of the macroeconomic aspect such as active investment and R&D activities with microeconomic aspect including a convergence of FDI and human capital.

Management Efficiency Analysis of Innovative Pharmaceutical Companies' Technological Innovation Activities (혁신형제약기업의 기술혁신활동에 대한 경영효율성 분석)

  • Lim, Hye Ryon;Min, Hyun-Ku
    • The Journal of the Korea Contents Association
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    • v.21 no.11
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    • pp.361-374
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    • 2021
  • The purpose of this study is to analyze the efficiency and productivity of technological innovation activities of companies certified as innovative pharmaceutical companies by the government to diagnose their competitiveness and derive measures to strengthen them. This study collected pharmaceutical input (R&D expenditures and number of employees) and output (sale, operating profit and patent) data between 2017 and 2019 for 38 innovative pharmaceutical companies. This study analyzed them using the data envelopment analysis (DEA) method, Tobit model and the Malmquist Productivity Index (MPI). First, the DEA result of the innovative pharmaceutical companies show that between the value of the CCR model of the scale efficiency and the value of the BCC model to diagnose the internal operation efficiency is differences. Second, efficiency does not differ between corporate characteristics. Third, Tobit model shows that number of patents held have positive effects on efficiency. Forth, overall MPI is 0.89. This can be interpreted as the rate of TECI decreased 3%p and TCI has increased 4%p. The results of this study can be used as decision-making data for response strategies to improve efficiency by identifying the cause of inefficiency and presenting target values.

Measuring production efficiency using Data Envelopment Analysis : The case of public Corporation Medical Centers (자료포락분석(DEA)을 이용한 효율성 측정 - 지방공사 의료원을 대상으로 -)

  • 박창제
    • Health Policy and Management
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    • v.6 no.2
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    • pp.91-114
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    • 1996
  • In this research, the Data Envelopment Analysis(DEA) was applied to measure production efficiency of Public Corporation Medical Centers(PCMCs) operating in Korea. The focus of this research is triple. First, identifing convenience and usefulness of DEA to measure the relative efficiency among PCMCs. Second, assessing magnitudes of the relative efficiency for each PCMC. Third, adding insights into some factors resulting inefficiency in PCMCs. Then, in this paper technical efficiency and scale efficiency measured by DEA[introduced by Charnes, Cooper, and Rhoides(1978) and Banker, Charnes, and Cooper(1984)] were analyzed and a new separate variable was introduced which makes it possible to determine whether operations were conducted in regions of increasing, constant or decresing returns to scale(in multiple input and output situations). And a multi-factor Tobit analysis was conducted to see which variables are associated with PCMC's efficiency.

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Efficiency Analysis of Organic Farm Management (유기농업 실천농가의 경영효율성 분석)

  • Kim, Chang-Gil;Lee, Sang-Gun;Kim, Tae-Young
    • Korean Journal of Organic Agriculture
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    • v.17 no.1
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    • pp.19-33
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    • 2009
  • This paper evaluates the technical efficiency of organic farm management practices and studies its main determinants in Hongdongmyeon of Hongsung county, Chungnam province. The analysis is performed in two stages. First, the efficiency is measured via the nonparametric "Data Envelopment Analysis" (DEA) technique. The DEA models are constructed not only to assess the overall technical efficiency of organic fanning practices but also to evaluate the management efficiencies. In a second stage critical determinants of efficiency are determined using a Tobit model. In this analysis the focus is on technical and socio-economic variables. The analytical results show that technically efficient farms is about 13 percent and the mean technical efficiency is found to be 0.73 indicating that many farms are not operating at an efficient scale.

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A Study on the Determinants of Drinking Demand and Expenditure of College Students

  • Lee, Seung-gil
    • International journal of advanced smart convergence
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    • v.10 no.4
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    • pp.215-224
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    • 2021
  • The purpose of this study is to estimate the factors that affect college students' drinking needs and spending. An analysis model to estimate the determinants affecting drinking needs was applied with a truncated Poisson model and a truncated negative binomial model. Tests to select more appropriate models of the two types were made using the comparison of log-likelihood function and the over-dispersion test. The analysis result was interpreted by applying the truncated negative binomial model as the truncated Poisson model showed over-dispersion. We also applied the Tobit model to analyze the determinantsthat affect college students' expenditure on drinking. According to the analysis, gender, grade, allowance and parental occupation were the factors influencing statistics, and gender, type of household income, and student religion were the factors influencing expenditure.