Benacek, Vladimir; Shemetilo, Dmitri; Petrov, Alexei - EconWPA - 2001
microeconomic point of view. We introduce two measures of production efficiency (the technical and the allocative efficiency) and … look at changes in the behaviour of enterprises. In 1994, after the chaos during the culmination of transition (1991 …-92), firms’ profits showed the first signs of dependency on efficiency. This fact can be taken as evidence of the creation of a …