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- Title
COMPARATIVE STUDY ON THE LEVEL OF EFFICIENCY AND ITS DETERMINANTS FOR THE MANUFACTURING INDUSTRY IN CENTRAL AND EASTERN EUROPE.
- Authors
Mogoșeanu, Daniela Bianca
- Abstract
In this article, we have used a stochastic frontier approach (SFA) in order to analyse the efficiency and determinants of the mafucaturing firms from Central and Eastern Europe. The results reveal that firms from Poland, Czech Republic, Hungary have a higher efficiency than firms from Romania and Bulgaria. The evolution in time of the efficiency show that years 2008 and 2009 have brought a decrease of the efficiency's index. This drop-off is caused by the global economic crisis that has reduced the demand and affected the turnover.
- Subjects
MANUFACTURING industries; ECONOMIC efficiency; STOCHASTIC analysis; GLOBAL Financial Crisis, 2008-2009; BUSINESS turnover; ECONOMIC conditions in Eastern Europe; ECONOMIC conditions in Central Europe
- Publication
Annals of the University of Craiova, Economic Sciences Series, 2013, Vol 1, p186
- ISSN
1223-365X
- Publication type
Article