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|Title:||From transition to competition: dynamic efficiency analysis of Polish electricity distribution companies |
von Hirschhausen, Christian R.
|Issue Date:||2007 |
|Series/Report no.:||Discussion papers // German Institute for Economic Research 716|
|Abstract:||In this paper we test the hypothesis that the economic transition toward a market economy increases the efficiency of firms. We study 32 Polish electricity distribution companies between 1997-2002, by applying common benchmarking methods to the panel: the nonparametric data envelopment analysis (DEA), the free disposal hull (FDH), and, as a parametric approach, the stochastic frontier analysis (SFA). We then measure and decompose productivity change with Malmquist indices. We find that the technical efficiency of the companies has indeed increased during the transition, while allocative efficiency has deteriorated. We also find significantly increasing returns to scale, suggesting that the regulatory authority should allow companies to merge into larger units.|
|Document Type:||Working Paper|
|Appears in Collections:||Publikationen von Forscherinnen und Forschern des DIW|
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