Trade Reform Dynamics and Technical Efficiency: The Peruvian Experience |
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| Authors: | Alam, Ila M. Semenick Morrison, Andrew R. |
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| Affiliation: | the Department of Economics at Tulane Universityila.alam{at}tulane.edu
the Social Development Division at the Inter-American Development Bank andrewm{at}iadb.org |
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| Abstract: | Markets around the world are becoming more competitive becauseof changing operating and regulatory environments. One suchchangethe loosening of trade restrictions is amacroeconomic policy shift that should have a microeconomicimpact on industrial efficiency. Specifically, competitive pressureshould discipline or eliminate inefficient producers. This articleexplores whether or not there is such a dynamic link. It usesa previously unexploited data set to gauge the impact of the1990 Peruvian reform on plant-level technical efficiency. Theresults support the argument that the degree of protection andthe level of efficiency are inversely related. |
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