Regional Efficiency Differences And Development Policy Of Agriculture In The Yugoslav Republics: Estimates From Panel Data
Richard A. Hofler and
James Payne ()
Additional contact information
Richard A. Hofler: University of Central Florida
The Review of Regional Studies, 1995, vol. 25, issue 3, 287-300
This paper discusses economic development policy in the Yugoslav republics, with particular attention to agricultural production. Previous researchers have suggested that a development strategy of transferring investment resources from the more developed to the less developed republics as well as segmentation of the financial system has resulted in an inefficient allocation and use of resources. Thus we examine the question of efficiency from panel data, using the stochastic production frontier. In addition to analyzing the differences across republics, we also address the differences associated with social versus private modes of organizing production. We find the private sector produces with higher output efficiency than the social sector. Moreover, our findings concur with prior discussions on the economic impact of regional development policy pursued in the Yugoslav republics. Relative to the more developed republics, the less developed republics cannot efficiently utilize the large volume of investment resources allocated by the Federal government.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://journal.srsa.org/ojs/index.php/RRS/article/view/25.3.4/pdf To View On Journal Page
http://journal.srsa.org/ojs/index.php/RRS/article/download/25.3.4/455 To Download Article (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:rre:publsh:v:25:y:1995:i:3:p:287-300
Access Statistics for this article
The Review of Regional Studies is currently edited by Amanda Ross and Christopher Yencha
More articles in The Review of Regional Studies from Southern Regional Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Christopher Yencha ().