COMPARATIVE STUDY ON THE LEVEL OF EFFICIENCY AND ITS DETERMINANTS FOR THE MANUFACTURING INDUSTRY IN CENTRAL AND EASTERN EUROPE

Mogoseanu Daniela Bianca
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Mogoseanu Daniela Bianca: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2013, vol. 1, issue 41, 186-196

Abstract: In this article, we have used a stochastic frontier approach (SFA) in order to analyse the efficiency and determinants of the manufacturing firms from Central and Eastern Europe. The results reveal that firms from Poland, Czech Republic, Hungary have a higher efficiency than firms from Romania and Bulgaria. The evolution in time of the efficiency show that years 2008 and 2009 have brought a decrease of the efficiency’s index. This drop-off is caused by the global economic crisis that has reduced the demand and affected the turnover.

Keywords: efficiency; inefficiency determinants; manufacturing firms; performance; leverage (search for similar items in EconPapers)
JEL-codes: C30 G32 L25 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2013:i:41:p:186-196

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