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Authordc.contributor.authorÁlvarez Espinoza, Roberto 
Authordc.contributor.authorVergara, Sebastián es_CL
Admission datedc.date.accessioned2010-06-15T12:43:50Z
Available datedc.date.available2010-06-15T12:43:50Z
Publication datedc.date.issued2008-12
Cita de ítemdc.identifier.citationDocumentos de Trabajo del Banco Central de Chile/Working Papers of the Central Bank of Chile N° 506, Diciembre 2008en_US
Identifierdc.identifier.urihttps://repositorio.uchile.cl/handle/2250/127681
Abstractdc.description.abstractSeveral studies have found that plant turnover contributes to productivity growth. This evidence seems to be consistent with the idea that, by reducing protection granted to inefficient firms, economic liberalization would generate productivity gains associated with resource reallocation from less productive to more productive firms. However, little empirical work has been done directly linking economic liberalization and plant exit. This paper uses Chilean reforms to shed light on their effects on plant exit. Our econometric analysis shows that larger and more productive plants are less likely to exit. After controlling for these characteristics, we also find that exit is more likely in export-oriented industries. Moreover, we find a differential impact of economic liberalization and exchange rate fluctuations. Changes in these variables have a more significant impact on less productive and smaller plants. By industry, we find that the plants that are most affected are those in export-oriented sectors.en_US
Lenguagedc.language.isoenen_US
Publisherdc.publisherBanco Central de Chileen_US
Títulodc.titleEXIT IN DEVELOPING COUNTRIES: ECONOMIC REFORMS AND PLANT HETEROGENEITYen_US
Document typedc.typeArtículo de revista


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