The Performance of Private and Cooperative Socialist Organization: Postwar Yugoslav Agriculture

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Abstract
Socialist enterprises in Yugoslav agriculture show higher levels of productivity than private producers. I examine the sources of these differences with total factor productivity estimates based on sectoral aggregate Cobb-Douglas production functions which permit separation of environmental, policy and organizational effects. My results support the following conclusions. Cooperative socialist enterprises are not inherently inefficient and can even outperform private producers. Both types of producers were responding to their environment and their differential rates of technological change reflect the different constraints they faced. Socialist enterprises exhibited technology adoption behavior similar to non-socialist enterprises elsewhere.

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