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...

Full description

Saved in:
Bibliographic Details
Published in:Estudios de economia 2010-12, Vol.37 (2), p.217
Main Authors: Bergoeing, Raphael, Hernando, Andrés, Repetto, Andrea
Format: Article
Language:English
Subjects:
Bankruptcy laws
Efficiency
Hypotheses
Incumbency
Industrial plants
Labor market
Macroeconomics
Manufacturing
Productivity
Reforms
Securities markets
Studies
Tariffs
Trade agreements
Trade liberalization
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary: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]
ISSN:0304-2758
0718-5286