Economics at your fingertips  

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

Simeon Djankov () and Bernard Hoekman ()

No 1424, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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.

Keywords: Bulgaria; Economics of Transition; Firm Efficiency; International Trade (search for similar items in EconPapers)
JEL-codes: D24 F14 O52 P31 (search for similar items in EconPapers)
Date: 1996-07
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) (application/pdf)
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

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This working paper can be ordered from ... ers/dp.php?dpno=1424

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().

Page updated 2019-10-14
Handle: RePEc:cpr:ceprdp:1424