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| Tekijä: | Piesse, J. (et al.) |
| Otsikko: | The efficiency of input use during the early transition in Hungary |
| Lehti: | Economics of Planning
2002 : VOL. 35:2, p. 183-204 |
| Asiasana: | Transition economies Efficiency Models Hungary Europe |
| Kieli: | eng |
| Tiivistelmä: | This paper uses Hungarian firm level panel data for the agricultural and light manufacturing sectors during the early years of the transition to investigate differences and changes in the efficiency of input use. The results show little wastage of materials and labour, but inefficient use of energy and capital, which suggests that the development of input markets was uneven. The price liberalization of 1989 widened efficiency differences, especially in agriculture, but this sector recovered quickest, actually using capital more efficiently by 1991. However, energy efficiency levels were low in the period of soft budget constraints, falling further on after the reforms, suggesting that a free market for energy was not established, particularly in agriculture. |
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