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Industrial Economics of the Transition: Determinants of Enterprise Efficiency in Czechoslovakia and Hungary

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  • Brada, Josef C
  • King, Arthur E
  • Ma, Chia Ying

Abstract

Firm-level data are employed to estimate frontier production functions for Czechoslovak industry in 1990 and for Hungarian industry in 1991. In both countries, there is evidence of inefficient firms, with the distribution of efficiency characterized by a small number of inefficient outliers. Enterprise efficiency is positively related to firm size and negatively to managerial effort expended in lobbying for easier targets but export orientation has no effect on efficiency. Most importantly, in Hungary's more reformed economy, efficient firms are more profitable, while profit redistribution by the center in Czechoslovakia led to an inverse relationship between efficiency and profitability. Copyright 1997 by Royal Economic Society.

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Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 49 (1997)
Issue (Month): 1 (January)
Pages: 104-27

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Handle: RePEc:oup:oxecpp:v:49:y:1997:i:1:p:104-27

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Cited by:
  1. Jones, Derek & Klinedinst, Mark & Rock, Charles, 1998. "Productive Efficiency during Transition: Evidence from Bulgarian Panel Data," Journal of Comparative Economics, Elsevier, vol. 26(3), pages 446-464, September.
  2. Piesse, Jenifer & Thirtle, Colin, 2000. "A Stochastic Frontier Approach to Firm Level Efficiency, Technological Change, and Productivity during the Early Transition in Hungary," Journal of Comparative Economics, Elsevier, vol. 28(3), pages 473-501, September.
  3. Hanousek, Jan & Kočenda, Evžen & Mašika, Michal, 2012. "Firm efficiency: Domestic owners, coalitions, and FDI," Economic Systems, Elsevier, vol. 36(4), pages 471-486.
  4. Pursey Heugens & Stelios Zyglidopoulos, 2008. "From social ties to embedded competencies: the case of business groups," Journal of Management and Governance, Springer, vol. 12(4), pages 325-341, November.
  5. Chih-Hai Yang & Ku-Hsieh Chen, 2009. "Are small firms less efficient?," Small Business Economics, Springer, vol. 32(4), pages 375-395, April.
  6. Evzen Kocenda & Jan Hanousek & Michal Masika, 2011. "Financial Efficiency and the Ownership of Czech Firms," William Davidson Institute Working Papers Series wp1016, William Davidson Institute at the University of Michigan.
  7. Laszlo Halpern & Gabor Korosi, 2000. "Efficiency and Market Share in Hungarian Corporate Sector," William Davidson Institute Working Papers Series 333, William Davidson Institute at the University of Michigan.
  8. Randall K. Filer & Jan Hanousek, 2001. "Data Watch: Research Data from Transition Economies," William Davidson Institute Working Papers Series 416, William Davidson Institute at the University of Michigan.
  9. Sergei Guriev & Barry W. Ickes, 2000. "Microeconomic Aspects of Economic Growth in Eastern Europe and the Former Soviet Union, 1950-2000," William Davidson Institute Working Papers Series 348, William Davidson Institute at the University of Michigan.
  10. A. Tonini, 2012. "A Bayesian stochastic frontier: an application to agricultural productivity growth in European countries," Economic Change and Restructuring, Springer, vol. 45(4), pages 247-269, November.
  11. Wu, Zai Bin & Yeung, Godfrey & Mok, Vincent & Han, Zhaozhou, 2007. "Firm-specific knowledge and technical efficiency of watch and clock manufacturing firms in China," International Journal of Production Economics, Elsevier, vol. 107(2), pages 317-332, June.
  12. Jan Hanousek & Evžen Kočenda & Michal Mašika, 2012. "Corporate Efficiency: Effect of Ownership Structures and Financial Indicators," Politická ekonomie, University of Economics, Prague, vol. 2012(4), pages 459-483.
  13. Astrid Cullmann & Christian von Hirschhausen, 2007. "From Transition to Competition: Dynamic Efficiency Analysis of Polish Electricity Distribution Companies," Discussion Papers of DIW Berlin 716, DIW Berlin, German Institute for Economic Research.

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