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Efficiency in Social versus Private Agricultural Production: The Case of Yugoslavia

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  • Hofler, Richard A
  • Payne, James E

Abstract

This paper extends the work of Michael L. Boyd (1987) by examining the question of efficiency in Yugoslavian agricultural production using the stochastic production frontier. The authors fin d the private sector produces with higher output efficiency than the social sector. Next, they examine regional efficiency differences. The authors' findings reinforce earlier analysis of the economic impact of regional development policy pursued.in Yugoslavia. Less developed republics appeared unable to utilize efficiently the large volume of investment resources allocated from the more developed republics via the central government. Copyright 1993 by MIT Press.

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  • 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.
  • Handle: RePEc:tpr:restat:v:75:y:1993:i:1:p:153-57
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    References listed on IDEAS

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    1. Hansen, Lars Peter, 1982. "Large Sample Properties of Generalized Method of Moments Estimators," Econometrica, Econometric Society, vol. 50(4), pages 1029-1054, July.
    2. Andrews, Donald W. K. & Fair, Ray C., 1992. "Estimation of polynomial distributed lags and leads with end point constraints," Journal of Econometrics, Elsevier, pages 123-139.
    3. Fair, Ray C, 1993. "Testing the Rational Expectations Hypothesis in Macroeconometric Models," Oxford Economic Papers, Oxford University Press, vol. 45(2), pages 169-190, April.
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    Cited by:

    1. Fu, Xiaolan & Yang, Qing Gong, 2009. "Exploring the cross-country gap in patenting: A Stochastic Frontier Approach," Research Policy, Elsevier, pages 1203-1213.
    2. Fu, Xiaolan, 2012. "How does openness affect the importance of incentives for innovation?," Research Policy, Elsevier, pages 512-523.
    3. 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.
    4. Ferrier, Gary D. & Klinedinst, Mark & Linvill, Carl B., 1998. "Static and Dynamic Productivity among Yugoslav Enterprises: Components and Correlates," Journal of Comparative Economics, Elsevier, pages 805-821.
    5. Georgeta Vidican-Sgouridis & Annette Kim, 2008. "From Workers to Owners: Survey Evidence on the Impact of Property Rights Reforms on Small Farmers in Two Regions in Romania," William Davidson Institute Working Papers Series wp905, William Davidson Institute at the University of Michigan.
    6. Trueblood, Michael A., 1994. "An Annotated Bibliography Of Selected Productivity Literature," Staff Papers 13580, University of Minnesota, Department of Applied Economics.
    7. Karp, Larry & STEFANOU, SPIRO, 1995. "Prospects and Policy for Central and East European Agriculture," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt0wk3n1dd, Department of Agricultural & Resource Economics, UC Berkeley.

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