MARKET REFORMS AND EFFICIENCY GAINS IN CHILE/REFORMAS DE MERCADO Y GANANCIAS DE EFICIENCIA EN CHILE
Starting in the mid 1970s, Chile implemented comprehensive structural market reforms. Using manufacturing plant-level data on Chilean firms for years 1980 to 2001, we estimate the role of reforms on efficiency. We analyze aggregate productivity constructed from micro data to find that in the afterma...
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| Veröffentlicht in: | Estudios de economia 2010-12, Vol.37 (2), p.217 |
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| creator | Bergoeing, Raphael Hernando, Andrés Repetto, Andrea |
| description | Starting in the mid 1970s, Chile implemented comprehensive structural market reforms. Using manufacturing plant-level data on Chilean firms for years 1980 to 2001, we estimate the role of reforms on efficiency. We analyze aggregate productivity constructed from micro data to find that in the aftermath of the reforms, efficiency gains were explained by within-plant improvements and by the net entry of new units. We also find that plants producing traded goods and plants facing liquidity constraints experienced the largest efficiency gains. Trade openness and a superior access to external finance seem to have partially accounted for the improvement in manufacturing performance. [PUBLICATION ABSTRACT] |
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| ispartof | Estudios de economia, 2010-12, Vol.37 (2), p.217 |
| issn | 0304-2758 0718-5286 |
| language | eng |
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| source | PAIS Index; EBSCOhost Business Source Complete; DOAJ Directory of Open Access Journals; EZB-FREE-00999 freely available EZB journals |
| subjects | Bankruptcy laws Efficiency Hypotheses Incumbency Industrial plants Labor market Macroeconomics Manufacturing Productivity Reforms Securities markets Studies Tariffs Trade agreements Trade liberalization |
| title | MARKET REFORMS AND EFFICIENCY GAINS IN CHILE/REFORMAS DE MERCADO Y GANANCIAS DE EFICIENCIA EN CHILE |
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