, Almas Heshmati
() and Lennart Hjalmarsson
Mihai Cotfas: Department of Economics, Postal: University of Gothenburg, Box 640, SE 405 30 Göteborg, Sweden
Almas Heshmati: Dept. of Economic Statistics, Stockholm School of Economics, Postal: P.O. Box 6501, S-113 83 Stockholm, Sweden
Lennart Hjalmarsson: Department of Economics, Postal: University of Gothenburg, Box 640, SE 405 30 Göteborg, Sweden
Abstract: 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.
27 pages, October 16, 2000
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