| ID | 084464 |
| Title Proper | Technical Efficiency, Allocative Efficiency and Profitability in Hungarian Small and Medium-Sized Enterprises |
| Other Title Information | a Model with Frontier Functions |
| Language | ENG |
| Author | Major, Ivan |
| Publication | 2008. |
| Summary / Abstract (Note) | By applying a simple model of frontier production functions, this article shows that Hungarian small and medium-sized enterprises (SMEs) produce far below their feasible level, given their input endowment. The SMEs' under-production is rooted in the allocative inefficiency of small and medium-sized firms: they use labour in excess while they lack a sufficient level of capital assets. As a consequence of large inefficiencies, Hungarian SMEs improve profitability by scaling down production rather than by expansion. |
| `In' analytical Note | Europe-Asia Studies Vol. 60,No. 8 ; Oct 2008 :p1371-1396 |
| Journal Source | Europe-Asia Studies Vol. 60,No. 8 ; Oct 2008 :p1371-1396 |
| Key Words | Technical Efficiency ; Model ; frontier Production ; Frontier function ; Hungarian ; CEE ; Economic Transformation |