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  • Efficiency and ownership in Slovene dairying - a comparison of econometric and programming techniques
    Piesse, Jenifer ; Thirtle, Colin ; Turk, Jernej
    This study uses farm-level panel data to compare the productive efficiency of four cooperative and twelve private dairy farms in the former Yugoslav Republic of Slovenia, over the period 1974 to ... 1990. The data suggest that although some choice regarding the economic organization of enterprises had been allowed in Yugoslavia, the restrictions on private farming led to dual economy. Panel data estimation of a Cobb-Douglas frontier production function serves as a check on validity of the data and is complemented by programming techniques that allow the efficiency differences to be decomposed into technical and scale effects. The efficiency changes and the rate of technical change give the Malmquist total factor productivity (TFP) index, which is compared to a geometric index of TFP and the econometric estimates of technical change. All the approaches that productivity growth has been faster in the private sector, which is also more tecnically efficient, but that the cooperatives remain more productive because the private farms are far too small. Thus, public or private ownership and control is less of a crucial issue than land reform aimed at improving scale efficiency.
    Source: Journal of comparative economics : the journal of the Association for Comparative Economic Studies. - ISSN 0147-5967 (Let. 22, št. 1, 1996, str. 1-22)
    Type of material - article, component part
    Publish date - 1996
    Language - english
    COBISS.SI-ID - 1163820

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