The measurement, level, and influence of resource allocation efficiency in universities: empirical evidence from 13 "double first class" universities in China

China's higher education system is shifting from quantitative expansion to connotative development to advance its quality. Since 2015, Chinese governments have been implementing a strategic policy for higher education called "double first-class", which aims to promote a number of Chinese top universities to construct world-class universities or to establish world-class disciplines. "Double first-class" universities have received a large amount of educational resources through this policy. Taking advantage of resources efficiently is an important element in promoting the development of higher quality higher education. However, research on resource allocation in China's "double first-class" universities is incomplete. Current research has not clarified the level of resource allocation efficiency or the factors affecting China's "double first-class" universities. With the help of the superefficient data envelopment analysis (DEA)-Malmquist-Tobit model, this study actively explores the current status of the resource allocation efficiency of China's "double first-class" universities to fill this gap in the field. Specifically, the development level and change trend of the resource allocation efficiency of 13 "double first-class" universities in China from 2015 to 2019 were measured with the help of the superefficient DEA-Malmquist model. The internal and external factors affecting the resource allocation efficiency of "double first-class" universities are also analysed with the help of the Tobit model. The overall level of resource allocation efficiency of "double first-class" universities is high, but the internal variability is large. From the perspective of efficiency decomposition, it is found that both technical efficiency change (EFch) and technical progress efficiency (TEch) play important roles in improving the total factor productivity (TFP) of resource allocation. Compared with TEch, EFch plays a more significant pulling role. This study confirms that the factors affecting resource allocation efficiency are complex. Among them, the regional economic environment, faculty title structure, and degree of international exchange have significant roles in promoting the resource allocation efficiency of "double first-class" universities, but local financial support and the time of policy implementation have certain negative effects.