Firm Entry and Productivity Turnovers in Import Substituting Markets: Evidence from the Petrochemical Industry in Colombia

Luis Gutiérrez and Carlos Pombo

Lecturas de Economía, 2005, issue 63, 137-185

Abstract: this paper analyses plant entry and productivity turnovers across Colombia's petrochemical industry for the 1974-1998 period. Results show that successful entrants shaped industry productivity and induced plant restructuring among incumbent plants. entry flows increased steadily within plastics and boosted after trade liberalization. Total factor productivity growth decomposition shows that the incumbent effect dominates the turnover effect. Econometric results suggest that barriers to entry while complementary market variables such as industry productivity levels, growth is housing construction, and fringe competition induce firm entry.

Keywords: Entry; Turnover; total factor productivity; petrochemical industry (search for similar items in EconPapers)
JEL-codes: D24 O12 O47 (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/315 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:2005:i:63:p:137-185

Ordering information: This journal article can be ordered from
Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

Access Statistics for this article

Lecturas de Economía is currently edited by Carlos Andrés Vasco Correa

More articles in Lecturas de Economía from Universidad de Antioquia, Departamento de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Carlos Andrés Vasco Correa ().