Technical Efficiency Analysis of Teacher Savings and Credit Cooperatives in Thailand

Abstract

This Article aimed to (1) measure technical efficiencies of teacher savings and credit cooperatives in Thailand, and (2) analyze total productivity of teacher savings and operational efficiency of cooperatives during the years 2011 - 2020. There are 92 samples with a secondary data reported operating results for the year of cooperative institutions in the 10 years from 2011 to 2020, variable production factor consisting of, 1) deposits from members 2) operating expenses 3) cooperative capital and a productivity factor consisting of, 1) All loan receivables 2) Total income 3) Total investment by using Data Envelopment Analysis (DEA). The results of the study shown that from the estimated efficiency scores of teacher savings and credit cooperatives in Thailand, we found that under Constant returns to scale model: CRS, the cooperatives over 10 years period which has an effective value 1, in 4 cooperatives or 4.35%. The average efficiency scores for all 92 cooperatives is 0.691. Under Variable Returns to scale model: VRS, the cooperatives over 10 year period which has an effective value 1, in 9 or 9.78%. The average efficiency scores for all 92 cooperatives is 0.776. From 2011-2020, the number of effective co-operations is likely to decline. The total productivity of teacher savings and credit cooperatives was improved by 12.30 percent during the 2011–2020 periods.