1st Edition

Efficiency Issues in Transitional Economies Application to Hungary

247 Pages

by Routledge

247 Pages

by Routledge

247 Pages

by Routledge

Also available as eBook on:

Taylor & Francis eBooks
(Institutional Purchase)Opens in new tab or window

Description

Published in 1999, this text uses a number of approaches to measure the performance of firms in the transition economies of Central Eastern Europe during the early stages of reform. There is considerable controversy about the level of productivity in this period, as is evident by contradictory evidence quoted in the literature and a high degree of inconsistency in published national statistics.... Read more

Part 1: The Transition, Production Theory, Hungarian Accounting and Data 1. Measurement in Periods of Transition 2. The Economics Transition 3. Parametric and Nonparametric Measures of Efficiency and Total Factor Productivity: Theoretical Relationships 4. The Contribution of Accounting Information in Efficiency Measurement: Hungarian Firm Level Data Part 2: Models, Estimation and Results 5. Primal and Dual Approaches and Functional Forms: Production Function Estimation and Explanation 6. Firm and Industry Level Efficiency Measurement Using Parametric and Nonparametric, Deterministic and Stochastic Frontiers 7. The Importance of Firm Size: Estimations of Returns to Scale and Decomposition of Technical and Scale Efficiency 8. Inter-Temporal Consistency, Panel Data Estimation, One and Two-Factor Error Component Models Part 3: The Index Number Approach to Productivity, Efficiency and Technical Change; An Application to Structural Transformation 9. Examining Changes Over Time Using Parametric and Nonparametric TFP Indices 10. Decomposing Productivity into Efficiency and Technical Change: Leading Sectors and the Transformation.