Estrutura Competitiva, Produtividade Industrial e Liberação Comercial no Brasil

Pedro Ferreira and Osmani Guillén

No 44, Working Papers Series from Central Bank of Brazil, Research Department

Abstract: This paper analyzes the behavior of the manufacturing industry after the reforms implemented in the nineties. We observed if the opening process generated increases in the average productivity of the manufacturing industry. Additionally, we estimated the markup of different industrial sectors and tested if it changes after the trading opening. As expected, estimates for markup showed a non-competition practice in the majority of the sectors. It was also observed an increase in the average productivity and jumps of productivity in the majority of the industrial sector after the reduction of the trade restrictions. There is no significant indication of fall in the market power after the opening trade, which could point to the existence of other channels responsible for the productivity increase.

Date: 2002-06
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