Productive Efficiency During Transition: Evidence from Bulgaria

Posted: 21 Nov 1998

See all articles by Derek C. Jones

Derek C. Jones

Hamilton College - Economics Department

Mark Klinedinst

University of Southern Mississippi

Charles P. Rock

Rollins College

Abstract

New and unusually rich panel data for Bulgarian companies during late communism and early transition were used to investigate the determinants of productive efficiency. Compared to conventional production functions, stochastic frontier models were found to be the preferred specifications. Typically, enterprise performance was found to be unaffected by several factors, including the extent of exports, joint venture status, labor management relations and unionization. However, business efficiency was enhanced by incentive compensation arrangements. Compared to fading communism, the determinants of productive efficiency were found not to have changed much during early transition. Average firm efficiency was also investigated and found to be quite low between 0.603 and 0.720. This dispersion has grown during early transition.

JEL Classification: P210, P310, J540

Suggested Citation

Jones, Derek C. and Klinedinst, Mark and Rock, Charles Patrick, Productive Efficiency During Transition: Evidence from Bulgaria. Journal of Comparative Economics Vol 26, No 3, Sep. 1998. Available at SSRN: https://ssrn.com/abstract=140548

Derek C. Jones (Contact Author)

Hamilton College - Economics Department ( email )

198 College Hill Road
Clinton, NY 13323
United States
315-859-4381 (Phone)
315-859-4477 (Fax)

Mark Klinedinst

University of Southern Mississippi ( email )

Southern Station Box 5072
Hattiesburg, MS 39406
601-266-4649 (Phone)
Not available (Fax)

Charles Patrick Rock

Rollins College ( email )

Winter Park, FL 32789
United States
Not available (Phone)
Not available (Fax)

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