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Dynamics of Technical Efficiency and Productivity Change under Central Planning: The Romanian Cement Industry 1966-1989

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Author Info

  • Cotfas, Mihai

    (Department of Economics)

  • Heshmati, Almas

    ()
    (Dept. of Economic Statistics, Stockholm School of Economics)

  • Hjalmarsson, Lennart

    (Department of Economics)

Abstract

This paper investigates the time-path of efficiency and productivity change in the case of the Romanian cement industry 1966-1989. The analysis is based on different specifications of stochastic frontier models. The efficiency scores and the time paths of efficiency and technical change are found to vary substantially among models. The most important feature of the Romanian cement industry before the revolution in 1989 is a slow rate of productivity progress, and a corresponding catch up in the level of productive efficiency.

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File URL: http://swopec.hhs.se/hastef/papers/hastef0405.pdf
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Bibliographic Info

Paper provided by Stockholm School of Economics in its series Working Paper Series in Economics and Finance with number 405.

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Length: 27 pages
Date of creation: 16 Oct 2000
Date of revision:
Publication status: Published as the book Dynamics of Technical Efficiency and Productivity Change under Central Planning: The Romanian Cement Industry, 2005, CEDAM.
Handle: RePEc:hhs:hastef:0405

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Related research

Keywords: Productivity change; productive efficiency; stochastic frontiers; time-varying efficiency; panel data; cement industry; Romania;

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