Microeconomic Adjustment During Structural Reforms: The Nicaraguan Manufacturing Sector 1991-1995

Alberto Isgut, Mario Delfin Tello () and Ann Veiderpass
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Ann Veiderpass: Department of Economics, School of Economics and Commercial Law, Göteborg University, Postal: P.O Box 640, SE 405 30 Göteborg, Sweden, ,

No 11, Working Papers in Economics from Göteborg University, Department of Economics

Abstract: The main rationale for the implementation of structural reforms favoring free markets is that they, through increased competition, are likely to create incentives to improve the way firms operate i.e. firm efficiency. In this study we measure and analyze total factor productivity and technical efficiency in a large sample of Nicaraguan manufacturing firms. Our analysis indicates that whereas structural reforms may be necessary conditions for the development of developing economies, their expected positive effects on sources of growth such as total factor productivity and technical efficiency could be so slow that it may be necessary to develop sufficient conditions or policy instruments for spurring economic growth in the short run.

Keywords: Central America; Nicaragua; Productivity; Efficiency; Manufactures; Exports (search for similar items in EconPapers)
JEL-codes: D24 L60 O12 O40 O54 (search for similar items in EconPapers)
Date: 1998-12-30

Published in Canadian Journal of Development Studies, 1999, pages 545-566.

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