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Trade Policy, Trade Volumes, and Plant-level Productivity in Colombian Manufacturing Industries

2003 Adult learning
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Release : 2003
Genre : Adult learning
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Book Synopsis Trade Policy, Trade Volumes, and Plant-level Productivity in Colombian Manufacturing Industries by : Ana Margarida Fernandes

Download or read book Trade Policy, Trade Volumes, and Plant-level Productivity in Colombian Manufacturing Industries written by Ana Margarida Fernandes. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt: Fernandes explores Colombian trade policy from 1977-91, a period of substantial variation in protection across industries, to examine whether increased exposure to foreign competition generates plant-level productivity gains. Using a large panel of manufacturing plants, she finds a strong positive impact of tariff liberalization on consistent productivity estimates, controlling for plant and industry heterogeneity. This result is not driven by the endogeneity of protection nor by plant exit. The impact of tariff liberalization on productivity is stronger for large plants and for plants in less competitive industries. Qualitatively similar results are obtained when using effective rates of protection and import penetration ratios as measures of protection. This paper--a product of Investment Climate, Development Research Group--is part of a larger effort in the group to understand the links between trade and productivity.

Trade Policy, Trade Volumes, and Plant-level Productivity in Colombian Manufacturing Industries

2003 Colombia
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Release : 2003
Genre : Colombia
Kind : eBook
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Book Synopsis Trade Policy, Trade Volumes, and Plant-level Productivity in Colombian Manufacturing Industries by : Ana Margarida Fernandes

Download or read book Trade Policy, Trade Volumes, and Plant-level Productivity in Colombian Manufacturing Industries written by Ana Margarida Fernandes. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt:

Trade Policy, Trade Volumes and Plant-Level Productivity in Colombian Manufacturing Industries

2007
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Release : 2007
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Book Synopsis Trade Policy, Trade Volumes and Plant-Level Productivity in Colombian Manufacturing Industries by : Ana M. Fernandes

Download or read book Trade Policy, Trade Volumes and Plant-Level Productivity in Colombian Manufacturing Industries written by Ana M. Fernandes. This book was released on 2007. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores a period of substantial variation in trade policy across industries in Colombia (1977-1991) to examine whether increased exposure to foreign competition generates productivity gains for manufacturing plants. Using an estimation methodology that addresses the shortcomings of previous studies, we find a strong positive impact of tariff liberalization on plant productivity, even after controlling for plant and industry heterogeneity, real exchange rates, and cyclical effects. The impact of liberalization is stronger for larger plants and plants in less competitive industries. Our findings are not driven by the endogeneity of protection. Similar results are obtained when using effective rates of protection and import penetration ratios as measures of protection. Productivity gains under trade liberalization are linked to increases in intermediate inputs' imports, skill intensity, and machinery investments, and to output reallocations from less to more productive plants.

Trade Reforms and Market Selection

2009 Free trade
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Release : 2009
Genre : Free trade
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Book Synopsis Trade Reforms and Market Selection by : Marcela Eslava

Download or read book Trade Reforms and Market Selection written by Marcela Eslava. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt: We use plant output and input prices to decompose the profit margin into four parts: productivity, demand shocks, mark-ups and input costs. We find that each of these market fundamentals are important in explaining plant exit. We then use variation across sectors in tariff changes after the Colombian trade reform to assess whether the impact of market fundamentals on plant exit changed with increased international competition. We find that greater international competition magnifies the impact of productivity, and other market fundamentals, on plant exit. A dynamic simulation that compares the distribution of productivity with and without the trade reform shows that improvements in market selection from trade reform help to weed out the least productive plants and increase average productivity. In addition, we find that trade liberalization increases productivity of incumbent plants and improves the allocation of activity within industries.

Trade Reforms and Market Selection

2009 Free trade
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Release : 2009
Genre : Free trade
Kind : eBook
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Book Synopsis Trade Reforms and Market Selection by : Marcela Eslava

Download or read book Trade Reforms and Market Selection written by Marcela Eslava. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt: We use plant output and input prices to decompose the profit margin into four parts: productivity, demand shocks, mark-ups and input costs. We find that each of these market fundamentals are important in explaining plant exit. We then use variation across sectors in tariff changes after the Colombian trade reform to assess whether the impact of market fundamentals on plant exit changed with increased international competition. We find that greater international competition magnifies the impact of productivity, and other market fundamentals, on plant exit. A dynamic simulation that compares the distribution of productivity with and without the trade reform shows that improvements in market selection from trade reform help to weed out the least productive plants and increase average productivity. In addition, we find that trade liberalization increases productivity of incumbent plants and improves the allocation of activity within industries.

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