IDEAS home Printed from https://ideas.repec.org/p/cpr/ceprdp/1424.html
   My bibliography  Save this paper

Fuzzy Transition and Firm Efficiency: Evidence from Bulgaria, 1991-4

Author

Listed:
  • Djankov, Simeon
  • Hoekman, Bernard

Abstract

This paper investigates the relationship between firm restructuring and international competition in Bulgaria during 1991–4. Two hypotheses are tested. First, firms in industries that are subject to significant international competition demonstrate greater increases in efficiency over time than firms in industries that remain sheltered from such competition. Second, firms within an industry that rely significantly upon export sales reduce costs faster than those that rely primarily on the local market. Neither hypothesis is rejected. The firm-level data suggest that international competition led to substantial cost efficiency improvements. Entry and exit of firms is found to have a significant additional impact on the evolution of marginal costs in most industries.

Suggested Citation

  • Djankov, Simeon & Hoekman, Bernard, 1996. "Fuzzy Transition and Firm Efficiency: Evidence from Bulgaria, 1991-4," CEPR Discussion Papers 1424, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:1424
    as

    Download full text from publisher

    File URL: http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=1424
    Download Restriction: CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hoekman, Bernard & Djankov, Simeon, 1997. "Competition law in Bulgaria after central planning," Policy Research Working Paper Series 1789, The World Bank.

    More about this item

    Keywords

    Bulgaria; Economics of Transition; Firm Efficiency; International Trade;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:1424. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.cepr.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.