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Economic Efficiency in Transition: The Case of Ukraine

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Author Info
Anatoliy G. Goncharuk (Odessa National Polytechnic University, Ukraine)

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Abstract

Although a market economy is by definition more effective than a centrally planned economy, various countries in transition have faced the problem of economic inefficiency. The aim of this paper is to develop a comprehensive measure of economic efficiency using the production function framework and estimate it for the Ukraine economy. There exist namely a vast amount of indicators that support our hypothesis on the diminishing efficiency of the Ukraine economy in the last years. Our in-depth analysis shows that the diminishing efficiency is a consequence of ineffective investments and innovations as well as of an increasing intensity of materials use.

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Publisher Info
Article provided by University of Primorska, Faculty of Management Koper in its journal Managing Global Transitions.

Volume (Year): 4 (2006)
Issue (Month): 2 ()
Pages: 129-143
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Handle: RePEc:mgt:youmgt:v:4:y:2006:i:2:p:129-143

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Related research
Keywords: economic efficiency; productivity; factors; labour; capital;

Find related papers by JEL classification:
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables

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This page was last updated on 2009-11-28.

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