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Regional Efficiency Differences And Development Policy Of Agriculture In The Yugoslav Republics: Estimates From Panel Data

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  • Richard A. Hofler

    (University of Central Florida)

  • James E. Payne

    (Eastern Kentucky University)

Abstract

This paper discusses economic development policy in the Yugoslav republics, with particular attention to agricultural production. Previous researchers have suggested that a development strategy of transferring investment resources from the more developed to the less developed republics as well as segmentation of the financial system has resulted in an inefficient allocation and use of resources. Thus we examine the question of efficiency from panel data, using the stochastic production frontier. In addition to analyzing the differences across republics, we also address the differences associated with social versus private modes of organizing production. We find the private sector produces with higher output efficiency than the social sector. Moreover, our findings concur with prior discussions on the economic impact of regional development policy pursued in the Yugoslav republics. Relative to the more developed republics, the less developed republics cannot efficiently utilize the large volume of investment resources allocated by the Federal government.

Suggested Citation

  • Richard A. Hofler & James E. Payne, 1995. "Regional Efficiency Differences And Development Policy Of Agriculture In The Yugoslav Republics: Estimates From Panel Data," The Review of Regional Studies, Southern Regional Science Association, vol. 25(3), pages 287-300, Winter.
    • Handle: RePEc:rre:publsh:v:25:y:1995:i:3:p:287-300
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    References listed on IDEAS

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    5. Hofler, Richard A & Payne, James E, 1993. "Efficiency in Social versus Private Agricultural Production: The Case of Yugoslavia," The Review of Economics and Statistics, MIT Press, vol. 75(1), pages 153-157, February.
    6. Braverman, Avishay*Guasch, J. Luis, 1990. "Agricultural reform in developing countries : reflections for Eastern Europe," Policy Research Working Paper Series 538, The World Bank.
    7. Nishimizu, Mieko & Page, John M, Jr, 1982. "Total Factor Productivity Growth, Technological Progress and Technical Efficiency Change: Dimensions of Productivity Change in Yugoslavia, 1965-78," Economic Journal, Royal Economic Society, vol. 92(368), pages 920-936, December.
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    Cited by:

    1. Leonard Kukić, 2020. "Origins of regional divergence: economic growth in socialist Yugoslavia," Economic History Review, Economic History Society, vol. 73(4), pages 1097-1127, November.

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