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

Simple item page
dc.contributor.authorOrazem, Peter F.
dc.contributor.authorVodopivec, Milan
dc.date.accessioned2013-06-13T15:32:13Z
dc.date.available2013-06-13T15:32:13Z
dc.date.issued2004-01
dc.description.abstractThe 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, the authors analyze 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, and 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2004/01/2877545/market-pressures-induce-economic-efficiency-case-slovenian-manufacturing-1994-2001
dc.identifier.doi10.1596/1813-9450-3189
dc.identifier.urihttps://hdl.handle.net/10986/13900
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy, Research working paper;no. WPS 3189
dc.relation.ispartofseriesPolicy Research Working Paper;No. 3189
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADVERSE CONSEQUENCES
dc.subjectBANKRUPTCY
dc.subjectBARRIERS TO ENTRY
dc.subjectCENTRAL PLANNING
dc.subjectCOMPANY
dc.subjectDEFLATORS
dc.subjectDEREGULATION
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMISTS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectENTREPRENEURSHIP
dc.subjectEXPANSION
dc.subjectEXPORTS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL SECTOR
dc.subjectFIRM SIZE
dc.subjectFOREIGN COMPETITION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectGDP
dc.subjectGROWTH RATE
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINTERNATIONAL TRADE
dc.subjectLABOR MARKETS
dc.subjectLABOR PRODUCTIVITY
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMARKET COMPETITION
dc.subjectMARKET ENTRY
dc.subjectMIXED ENTERPRISES
dc.subjectMONOPOLIES
dc.subjectMUTUAL FUND
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPER CAPITA INCOME
dc.subjectPLANNED ECONOMIES
dc.subjectPLANNED ECONOMY
dc.subjectPOTENTIAL INVESTORS
dc.subjectPRODUCT MARKETS
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION PROCESSES
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROFIT MAXIMIZING FIRMS
dc.subjectPROPERTY RIGHTS
dc.subjectREGRESSION ANALYSIS
dc.subjectSHAREHOLDERS
dc.subjectSMALL FIRMS
dc.subjectSTATE ENTERPRISES
dc.subjectSTATE OWNED ENTERPRISES
dc.subjectSURPLUS LABOR
dc.subjectTECHNOLOGY ADOPTION
dc.subjectTIME SERIES
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectTRANSITION ECONOMIES
dc.subjectUNEMPLOYMENT
dc.subjectWAGES MARKET PROJECTIONS
dc.subjectMARKET COMPETITION
dc.subjectECONOMIC EQUILIBRIUM
dc.subjectCASE STUDIES
dc.subjectTRANSITION ECONOMIES
dc.subjectECONOMIC LIBERALIZATION
dc.subjectMANUFACTURING ENTERPRISES
dc.subjectENTERPRISE DEVELOPMENT
dc.subjectCOMPETITIVENESS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectGROWTH PATTERNS
dc.subjectINDUSTRIALIZED SOCIETIES
dc.subjectINDUSTRIAL DEVELOPMENT
dc.subjectFOREIGN OWNERSHIP
dc.subjectINTERNATIONAL TRADE
dc.titleDo Market Pressures Induce Economic Efficiency? The Case of Slovenian Manufacturing, 1994-2001en
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleDo Market Pressures Induce Economic Efficiency? The Case of Slovenian Manufacturing, 1994–2001
okr.date.doiregistration2025-04-10T09:23:26.672384Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2004/01/2877545/market-pressures-induce-economic-efficiency-case-slovenian-manufacturing-1994-2001
okr.globalpracticeTransport and ICT
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid302971468759350663
okr.identifier.doi10.1596/1813-9450-3189
okr.identifier.externaldocumentum000012009_20040203144004
okr.identifier.internaldocumentum2877545
okr.identifier.reportWPS3189
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2004/02/03/000012009_20040203144004/Rendered/PDF/wps3189.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countrySlovenia
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.topicEconomic Theory and Research
okr.topicEnvironmental Economics and Policies
okr.topicSocial Protections and Labor::Labor Policies
okr.topicSmall Scale Enterprise
okr.topicInfrastructure Economics and Finance::Private Participation in Infrastructure
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
wps3189.pdf
Size:
344.99 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
wps3189.txt
Size:
78.01 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers