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Privatization, Ownership and Technical Efficiency a Study of the Turkish Cement Industry
Author(s) -
Saygili Seref,
Taymaz Erol
Publication year - 2001
Publication title -
annals of public and cooperative economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.526
H-Index - 37
eISSN - 1467-8292
pISSN - 1370-4788
DOI - 10.1111/1467-8292.00182
Subject(s) - turkish , stochastic frontier analysis , cement , frontier , empirical research , business , industrial organization , production (economics) , economics , macroeconomics , history , philosophy , linguistics , archaeology , epistemology
This paper presents an empirical study of the effects of ownership and privatization on technical efficiency in the Turkish cement industry. We first summarize the characteristics of the Turkish cement industry and changes in industrial structure in the post‐privatization period. The effects of ownership and privatization on technical efficiency are estimated using the stochastic production frontier approach. The empirical tests presented, which use data on all cement plants in Turkey, suggest that neither ownership nor privatization had a significant impact on technical efficiency.