Journal Article

Trade Reform Dynamics and Technical Efficiency: The Peruvian Experience

Ila M. Semenick Alam and Andrew R. Morrison

in The World Bank Economic Review

Published on behalf of World Bank

Volume 14, issue 2, pages 309-330
Published in print May 2000 | ISSN: 0258-6770
Published online May 2000 | e-ISSN: 1564-698X | DOI: http://dx.doi.org/10.1093/wber/14.2.309
Trade Reform Dynamics and Technical Efficiency: The Peruvian Experience

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Markets around the world are becoming more competitive because of changing operating and regulatory environments. One such change—the loosening of trade restrictions— is a macroeconomic policy shift that should have a microeconomic impact on industrial efficiency. Specifically, competitive pressure should discipline or eliminate inefficient producers. This article explores whether or not there is such a dynamic link. It uses a previously unexploited data set to gauge the impact of the 1990 Peruvian reform on plant-level technical efficiency. The results support the argument that the degree of protection and the level of efficiency are inversely related.

Journal Article.  0 words. 

Subjects: Development Planning and Policy

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