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Dynamics of Technical Efficiency and Productivity Change under Central Planning: The Romanian Cement Industry 1966-1989

Author

Listed:
  • Cotfas, Mihai

    (Department of Economics)

  • Heshmati, Almas

    (Dept. of Economic Statistics, Stockholm School of Economics)

  • Hjalmarsson, Lennart

    (Department of Economics)

Abstract

This paper investigates the time-path of efficiency and productivity change in the case of the Romanian cement industry 1966-1989. The analysis is based on different specifications of stochastic frontier models. The efficiency scores and the time paths of efficiency and technical change are found to vary substantially among models. The most important feature of the Romanian cement industry before the revolution in 1989 is a slow rate of productivity progress, and a corresponding catch up in the level of productive efficiency.

Suggested Citation

  • Cotfas, Mihai & Heshmati, Almas & Hjalmarsson, Lennart, 2000. "Dynamics of Technical Efficiency and Productivity Change under Central Planning: The Romanian Cement Industry 1966-1989," SSE/EFI Working Paper Series in Economics and Finance 405, Stockholm School of Economics.
    • Handle: RePEc:hhs:hastef:0405
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    Cited by:

    1. S Bandyopadhyay, 2011. "In search of contextual variables in a stochastic DEA framework: effect of regulation on efficiency of Indian cement industry," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(9), pages 1621-1637, September.

    More about this item

    Keywords

    Productivity change; productive efficiency; stochastic frontiers; time-varying efficiency; panel data; cement industry; Romania;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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