Efficiency in Social versus Private Agricultural Production: The Case of Yugoslavia
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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Volume (Year): 75 (1993)
Issue (Month): 1 (February)
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