Efficiency In Social Versus Private Agricultural Production - The Case Of Yugoslavia

    Authors

    R. A. Hofler;J. E. Payne

    Comments

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    Abbreviated Journal Title

    Rev. Econ. Stat.

    Keywords

    Frontiers; Economics; Social Sciences, Mathematical Methods

    Abstract

    This paper extends the work of Boyd (1987) by examining the question of efficiency in Yugoslavian agricultural production using the stochastic production frontier. We find the private sector produces with higher output efficiency than the social sector. Next, we examine regional efficiency differences. Our findings reinforce earlier analysis of the economic impact of regional development policy pursued in Yugoslavia. Less developed republics appeared unable to utilize efficiently the large volume of investment resources allocated from the more developed republics via the central government.

    Journal Title

    Review of Economics and Statistics

    Volume

    75

    Issue/Number

    1

    Publication Date

    1-1-1993

    Document Type

    Note

    Language

    English

    First Page

    153

    Last Page

    157

    WOS Identifier

    WOS:A1993KW60500021

    ISSN

    0034-6535

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