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Is the Collapse of Agricultural Output in the CEECs a Good Indicator of Economic Performance? A Total Factor Productivity Analysis


  • Axel Tonini
  • Roel Jongeneel


This paper analyzes total factor productivity (TFP) growth in agriculture for the ten Central and East European countries (CEECs) that began formal negotiations for EU accession in September 1998. A panel data set is constructed consisting of pooled time series data for the ten CEECs from 1993 to 2002, and it is used to estimate a time-varying stochastic production frontier. A Malmquist index of TFP growth is estimated and decomposed into efficiency change and technical change. The results show that despite the fall in output, TFP growth rates were positive for all ten CEECs. This suggests that the collapse of agricultural output in the CEECs is not necessarily a good indicator of agricultural performance. An analysis that only focuses on output decline provides a partial and misleading interpretation of the success of agricultural reforms. Also, estimates of technical efficiency confirm the hypothesis that large-scale farming performs better than small-scale farming when markets are missing and economic conditions are uncertain.

Suggested Citation

  • Axel Tonini & Roel Jongeneel, 2006. "Is the Collapse of Agricultural Output in the CEECs a Good Indicator of Economic Performance? A Total Factor Productivity Analysis," Eastern European Economics, Taylor & Francis Journals, vol. 44(4), pages 32-59, August.
  • Handle: RePEc:mes:eaeuec:v:44:y:2006:i:4:p:32-59

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    References listed on IDEAS

    1. Claessens, Stijn & Kingebiel, Daniela & Schmukler, Sergio L., 2002. "Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres," WIDER Working Paper Series 094, World Institute for Development Economic Research (UNU-WIDER).
    2. Marco Pagano & Ailsa A. Röell & Josef Zechner, 2002. "The Geography of Equity Listing: Why Do Companies List Abroad?," Journal of Finance, American Finance Association, vol. 57(6), pages 2651-2694, December.
    3. Pagano, Marco & Randl, Otto & Roell, Ailsa A. & Zechner, Josef, 2001. "What makes stock exchanges succeed? Evidence from cross-listing decisions," European Economic Review, Elsevier, vol. 45(4-6), pages 770-782, May.
    4. Guercio, Diane Del & Hawkins, Jennifer, 1999. "The motivation and impact of pension fund activism," Journal of Financial Economics, Elsevier, vol. 52(3), pages 293-340, June.
    5. Gaa, Charles & Stephen Lumpkin & Robert Ogrodnik & Peter Thurlow, 2001. "The Future Prospects for National Financial Markets and Trading Centres," Staff Working Papers 01-10, Bank of Canada.
    6. Pietro Garibaldi & Nada Mora & Ratna Sahay & Jeromin Zettelmeyer, 2001. "What Moves Capital to Transition Economies?," IMF Staff Papers, Palgrave Macmillan, vol. 48(4), pages 1-6.
    7. Schmiedel, Heiko, 2001. "Technological development and concentration of stock exchanges in Europe," Research Discussion Papers 21/2001, Bank of Finland.
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    Cited by:

    1. 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.
    2. Malgorzata Sulimierska, 2014. "Total factor productivity estimation for Polish manufacturing industry: A comparison of alternative methods," Working Paper Series 6714, Department of Economics, University of Sussex.
    3. Fertö, Imre, 2014. "The Structural Transformation in Central and Eastern European Agriculture," CEI Working Paper Series 2014-9, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    4. repec:sek:jijoes:v:6:y:2017:i:1:p:18-32 is not listed on IDEAS

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