Dynamics of Technical Efficiency and Productivity Change under Central Planning: The Romanian Cement Industry 1966-1989
Almas Heshmati and
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Mihai Cotfas: Department of Economics, Postal: University of Gothenburg, Box 640, SE 405 30 Göteborg, Sweden
No 405, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics
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.
Keywords: Productivity change; productive efficiency; stochastic frontiers; time-varying efficiency; panel data; cement industry; Romania (search for similar items in EconPapers)
JEL-codes: C23 D24 L61 O30 (search for similar items in EconPapers)
Pages: 27 pages
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Published as the book Dynamics of Technical Efficiency and Productivity Change under Central Planning: The Romanian Cement Industry, 2005, CEDAM.
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:hastef:0405
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