Market Reforms and Efficiency Gains in Chile
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| Natura: | Artículo científico |
| Lingua: | es |
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Universidad de Chile
2010
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| _version_ | 1876463442161827840 |
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| author | Raphael Bergoeing |
| author_facet | Raphael Bergoeing |
| contents | Market Reforms and Efficiency Gains in Chile Raphael Bergoeing Andrés Hernando Andrea Repetto Economía y Finanzas Chile Productivity Manufacturing Plant dynamics 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. 2010 artículo científico 0304-2758 https://www.redalyc.org/articulo.oa?id=22119905004 es http://www.redalyc.org/revista.oa?id=221 Estudios de Economía application/pdf Universidad de Chile Estudios de Economía (Chile) Num.2 Vol.37 |
| format | Artículo científico |
| id | redalyc_22119905004 |
| institution | Redalyc |
| language | es |
| publishDate | 2010 |
| publisher | Universidad de Chile |
| spellingShingle | Market Reforms and Efficiency Gains in Chile Raphael Bergoeing Economía y Finanzas Chile Productivity Manufacturing Plant dynamics Market Reforms and Efficiency Gains in Chile Raphael Bergoeing Andrés Hernando Andrea Repetto Economía y Finanzas Chile Productivity Manufacturing Plant dynamics 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. 2010 artículo científico 0304-2758 https://www.redalyc.org/articulo.oa?id=22119905004 es http://www.redalyc.org/revista.oa?id=221 Estudios de Economía application/pdf Universidad de Chile Estudios de Economía (Chile) Num.2 Vol.37 |
| title | Market Reforms and Efficiency Gains in Chile |
| topic | Economía y Finanzas Chile Productivity Manufacturing Plant dynamics |
| url | https://www.redalyc.org/articulo.oa?id=22119905004 |