Author | dc.contributor.author | Álvarez Espinoza, Roberto | |
Author | dc.contributor.author | Vergara, Sebastián | es_CL |
Admission date | dc.date.accessioned | 2010-06-15T12:43:50Z | |
Available date | dc.date.available | 2010-06-15T12:43:50Z | |
Publication date | dc.date.issued | 2008-12 | |
Cita de ítem | dc.identifier.citation | Documentos de Trabajo del Banco Central de Chile/Working Papers of the Central Bank of Chile N° 506, Diciembre 2008 | en_US |
Identifier | dc.identifier.uri | https://repositorio.uchile.cl/handle/2250/127681 | |
Abstract | dc.description.abstract | Several 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 |
Lenguage | dc.language.iso | en | en_US |
Publisher | dc.publisher | Banco Central de Chile | en_US |
Título | dc.title | EXIT IN DEVELOPING COUNTRIES: ECONOMIC REFORMS AND PLANT HETEROGENEITY | en_US |
Document type | dc.type | Artículo de revista | |