On the inefficiency of European socialist economies

被引:3
作者
Weill, Laurent [1 ]
机构
[1] Univ Robert Schuman, Inst Polit, F-67082 Strasbourg, France
关键词
productivity; socialist system; stochastic frontier approach; growth;
D O I
10.1007/s11123-007-0068-0
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper aims at comparing macroeconomic performance of three European socialist economies (Hungary, Poland, Yugoslavia) with developing and developed countries during the 1970s and the 1980s. Using panel data for 89 countries, we measure macroeconomic performance with two panel data production frontier models: the WITHIN model proposed by (Cornwell et al J Econom 46:185-200, 1990), and the firm effects model developed by (Battese and Coelli J Prod Anal 3:153-169, 1992). We conclude in favor of the underperformance of socialist countries in relation to developed countries but also to developing countries in most cases, which may be explained by the features of the socialist economic system.
引用
收藏
页码:79 / 89
页数:11
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