Do high ratings based upon traditional performance measures go hand in hand with efficiency? This paper addresses this question using stochastic production frontier methods. We utilize a six-year panel of test score, school input, and school student characteristics data for a sample of 3,000 campuses in Texas. We generate estimates of school-specific efficiency based upon the estimates of the one-sided school specific error term in a stochastic production frontier model. School rankings on the basis of estimated efficiency are not well correlated with school rankings on the basis of traditional measures of school performance.

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