المستودع الأكاديمي جامعة المدينة

Do Market Pressures Induce Economic Efficiency: The Case of Slovenian Manufacturing, 1994-2001

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dc.creator Orazem, Peter F.
dc.creator Vodopivec, Milan
dc.date 2003
dc.date.accessioned 2013-10-16T07:08:56Z
dc.date.available 2013-10-16T07:08:56Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20139
dc.identifier ppn:372031161
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20139
dc.description The Slovenian transition represents a slow but steady liberalization of constraints on competition. Using a unique longitudinal data set on all manufacturing firms in Slovenia over the period 1994-2001, this study analyzes how firm efficiency changed in response to changing competitive pressures, holding constant firm attributes. Results show that the period was one of atypically rapid growth of total factor productivity (TFP) relative to levels in OECD countries, and that the rise in firm efficiency occurs across almost all industries and firm types: large or small; state or private; domestic or foreign-owned. Changes in firm ownership type have no impact on firm efficiency. Rather, competitive pressures that sort out inefficient firms of all types and retain the most efficient, coupled with the entry of new private firms that are at least as efficient as surviving firms, prove to be the major source of TFP gains. Market competition from new entrants, foreign-owned firms, and international trade also raise firm efficiency in the industry. Results strongly confirm that market competition fosters efficiency.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 901
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject P27
dc.subject L1
dc.subject ddc:330
dc.subject efficiency
dc.subject competition
dc.subject growth
dc.subject total factor productivity
dc.subject Slovenia
dc.subject Wirtschaftliche Effizienz
dc.subject Wettbewerb
dc.subject Internationaler Wettbewerb
dc.subject Verarbeitendes Gewerbe
dc.subject Produktivität
dc.subject Schätzung
dc.subject Slowenien
dc.title Do Market Pressures Induce Economic Efficiency: The Case of Slovenian Manufacturing, 1994-2001
dc.type doc-type:workingPaper


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