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Efficiency and Market Share in Hungarian Corporate Sector

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  • Gabor Korosi

    ()
    (Institute of Economics, Hungarian Academy of Sciences)

  • Laszlo Halpern

    ()
    (Institute of Economics, Hungarian Academy of Sciences)

Abstract

This paper investigates the link between competition and efficiency for the Hungarian corporate sector during various phases of the transition process. We employ frontier production functions to explore differences among groups of firms, and to identify the typical adjustment process of each group separately throughout the transition period until 1997. The estimated production functions indicate a gradual improvement in efficiency and a shift from decreasing to increasing returns to scale due to the growing share of small firms. Market share can be explained by domestic and foreign competition and by the efficiency of the firm.

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File URL: http://econ.core.hu/doc/dp/dp/mtdp009.pdf
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Bibliographic Info

Paper provided by Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences in its series IEHAS Discussion Papers with number 0009.

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Length: 38 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:has:discpr:0009

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Keywords: firm in transition economy; production functions; efficiency;

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References

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  1. N Dryden & Stephen Nickell & D Nicolitsas, 1996. "What Makes Firms Perform Well?," CEP Discussion Papers dp0308, Centre for Economic Performance, LSE.
  2. J. David Brown & John S. Earle, 2000. "Competition and Firm Performance: Lessons from Russia," William Davidson Institute Working Papers Series 296, William Davidson Institute at the University of Michigan.
  3. Otto, Glenn, 1999. "The Solow Residual for Australia: Technology Shocks or Factor Utilization?," Economic Inquiry, Western Economic Association International, vol. 37(1), pages 136-53, January.
  4. Brada, Josef C & King, Arthur E & Ma, Chia Ying, 1997. "Industrial Economics of the Transition: Determinants of Enterprise Efficiency in Czechoslovakia and Hungary," Oxford Economic Papers, Oxford University Press, vol. 49(1), pages 104-27, January.
  5. Konings, Jozef & Repkin, Alexander, 1998. "How Efficient are Firms in Transition Countries? Firm-Level Evidence from Bulgaria and Romania," CEPR Discussion Papers 1839, C.E.P.R. Discussion Papers.
  6. S Estrin & P Hare, 1992. "Firms in Transition: Modelling Enterprise Adjustment," CEP Discussion Papers dp0089, Centre for Economic Performance, LSE.
  7. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
  8. Laszlo Halpern & Gabor Korosi, 1998. "Corporate Structure and Performance in Hungary," William Davidson Institute Working Papers Series 187, William Davidson Institute at the University of Michigan.
  9. Harrison, Ann E., 1994. "Productivity, imperfect competition and trade reform : Theory and evidence," Journal of International Economics, Elsevier, vol. 36(1-2), pages 53-73, February.
  10. Hay, Donald A & Liu, Guy S, 1997. "The Efficiency of Firms: What Difference Does Competition Make?," Economic Journal, Royal Economic Society, vol. 107(442), pages 597-617, May.
  11. Kalirajan, K. P., 1997. "A measure of economic efficiency using returns to scale," Economics Letters, Elsevier, vol. 56(3), pages 253-257, November.
  12. Aghion, Philippe & Blanchard, Olivier J & Carlin, Wendy, 1994. "The Economics of Enterprise Restructuring in Central and Eastern Europe," CEPR Discussion Papers 1058, C.E.P.R. Discussion Papers.
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Cited by:
  1. Augier, Patricia & Cadot, Olivier & Dovis, Marion, 2010. "Imports and TFP at the Firm Level: The Role of Absorptive Capacity," CEPREMAP Working Papers (Docweb) 1016, CEPREMAP.
  2. Gabor Korosi, 2002. "Labour Adjustment and Efficiency in Hungary," Budapest Working Papers on the Labour Market 0204, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
  3. Andrei Medvedev & Alena Zemplinerová, 2005. "Does Competition Improve Performance? Evidence from the Czech Manufacturing Industries," Prague Economic Papers, University of Economics, Prague, vol. 2005(4), pages 317-330.
  4. Mathilde Maurel, 2001. "Investment, Efficiency, and Credit Rationing: Evidence from Hungarian Panel Data," William Davidson Institute Working Papers Series 403, William Davidson Institute at the University of Michigan.

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