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Services Liberalization and Productivity of Manufacturing Firms

2014
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Release : 2014
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Book Synopsis Services Liberalization and Productivity of Manufacturing Firms by : Oleksandr Shepotylo

Download or read book Services Liberalization and Productivity of Manufacturing Firms written by Oleksandr Shepotylo. This book was released on 2014. Available in PDF, EPUB and Kindle. Book excerpt: Employing a unique database of Ukrainian firms in 2001-07, we use the external push for liberalization in the services sector as a source of exogenous variation to identify the effect of services liberalization on total factor productivity (TFP) of manufacturing firms. The results indicate that a standard deviation increase in services liberalization within a firm is associated with a 9.2 percent increase in TFP. The effect is stronger for firms with high productivity, bringing about a reallocation of resources within an industry. Industry-level results show that the effect of reallocation on industry productivity is almost as strong as the within-firm effect. The dynamic interaction of services liberalization and TFP through the investment channel reinforces the effect. The effect is robust to different estimation methods and to different sub-samples of the data. In particular, it is more pronounced for domestic and small firms.

Does Services Liberalization Benefit Manufacturing Firms?

2007 Bank
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Release : 2007
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Book Synopsis Does Services Liberalization Benefit Manufacturing Firms? by : Jens Matthias Arnold

Download or read book Does Services Liberalization Benefit Manufacturing Firms? written by Jens Matthias Arnold. This book was released on 2007. Available in PDF, EPUB and Kindle. Book excerpt: While there is considerable empirical evidence on the impact of liberalizing trade in goods, the effects of services liberalization have not been empirically established. Using firm-level data from the Czech Republic for the period 1998-2003, this study examines the link between services sector reforms and the productivity of domestic firms in downstream manufacturing. Several aspects of services reform are considered and measured, namely, the increased presence of foreign providers, privatization, and enhanced competition. The manufacturing-services linkage is measured using information on the degree to which manufacturing firms in a particular industry rely on intermediate inputs from specific services sectors. The econometric results lead to two conclusions. First, the study finds that services policy matters for the productivity of manufacturing firms relying on services inputs. This finding is robust to several econometric specifications, including controlling for unobservable firm heterogeneity and for other aspects of openness. Second, it finds evidence that opening services sectors to foreign providers is a key channel through which services liberalization contributes to improved performance of downstream manufacturing sectors. This finding is robust to instrumenting for the extent of foreign presence in services industries. As most barriers to foreign investment today are not in goods but in services sectors, the findings may strengthen the argument for reform in this area.

Does Services Liberalization Benefit Manufacturing Firms? Evidence from the Czech Republic

2016
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Release : 2016
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Book Synopsis Does Services Liberalization Benefit Manufacturing Firms? Evidence from the Czech Republic by : Jens Matthias Arnold

Download or read book Does Services Liberalization Benefit Manufacturing Firms? Evidence from the Czech Republic written by Jens Matthias Arnold. This book was released on 2016. Available in PDF, EPUB and Kindle. Book excerpt: While there is considerable empirical evidence on the impact of liberalizing trade in goods, the effects of services liberalization have not been empirically established. Using firm-level data from the Czech Republic for the period 1998-2003, this study examines the link between services sector reforms and the productivity of domestic firms in downstream manufacturing. Several aspects of services reform are considered and measured, namely, the increased presence of foreign providers, privatization, and enhanced competition. The manufacturing-services linkage is measured using information on the degree to which manufacturing firms in a particular industry rely on intermediate inputs from specific services sectors. The econometric results lead to two conclusions. First, the study finds that services policy matters for the productivity of manufacturing firms relying on services inputs. This finding is robust to several econometric specifications, including controlling for unobservable firm heterogeneity and for other aspects of openness. Second, it finds evidence that opening services sectors to foreign providers is a key channel through which services liberalization contributes to improved performance of downstream manufacturing sectors. This finding is robust to instrumenting for the extent of foreign presence in services industries. As most barriers to foreign investment today are not in goods but in services sectors, the findings may strengthen the argument for reform in this area.

Services Liberalization and Productivity of Manufacturing Firms

2012
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Release : 2012
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Book Synopsis Services Liberalization and Productivity of Manufacturing Firms by : Oleksandr Shepotylo

Download or read book Services Liberalization and Productivity of Manufacturing Firms written by Oleksandr Shepotylo. This book was released on 2012. Available in PDF, EPUB and Kindle. Book excerpt:

Does Services Liberalization Benefit Manufacturing Firms? Evidence from the Czech Republic

2012
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Author :
Release : 2012
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Does Services Liberalization Benefit Manufacturing Firms? Evidence from the Czech Republic by : Jens Arnold

Download or read book Does Services Liberalization Benefit Manufacturing Firms? Evidence from the Czech Republic written by Jens Arnold. This book was released on 2012. Available in PDF, EPUB and Kindle. Book excerpt: While there is considerable empirical evidence on the impact of liberalizing trade in goods, the effects of services liberalization have not been empirically established. Using firm-level data from the Czech Republic for the period 1998-2003, this study examines the link between services sector reforms and the productivity of domestic firms in downstream manufacturing. Several aspects of services reform are considered and measured, namely, the increased presence of foreign providers, privatization, and enhanced competition. The manufacturing-services linkage is measured using information on the degree to which manufacturing firms in a particular industry rely on intermediate inputs from specific services sectors. The econometric results lead to two conclusions. First, the study finds that services policy matters for the productivity of manufacturing firms relying on services inputs. This finding is robust to several econometric specifications, including controlling for unobservable firm heterogeneity and for other aspects of openness. Second, it finds evidence that opening services sectors to foreign providers is a key channel through which services liberalization contributes to improved performance of downstream manufacturing sectors. This finding is robust to instrumenting for the extent of foreign presence in services industries. As most barriers to foreign investment today are not in goods but in services sectors, the findings may strengthen the argument for reform in this area.

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