Market reforms and efficiency gains in Chile

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Estudios de Economía ; ISSN: 0718-5286 ; Volume: 37 ; Year: 2010 ; Issue: 2 ; Pages: 217-242 ; Santiago de Chile: Universidad de Chile, Departamento de Economía

Classification and Topics

• Classification: Wirtschaft ; Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices ; Industry Studies: Manufacturing: General ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Microeconomic Analyses of Economic Development
• Subject: plant dynamics ; productivity ; manufacturing ; Chile

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bergoeing, Raphael ; Hernando, Andrés ; Repetto, Andrea
• Event: Veröffentlichung
• (who): Universidad de Chile, Departamento de Economía
• (where): Santiago de Chile
• (when): 2010

Further information

• Handle: http://hdl.handle.net/10419/66678
• Last update: 10.03.2025, 11:42 AM CET