Trade Reform Dynamics and Technical Efficiency: The Peruvian Experience

Ila M Semenick Alam and Andrew R Morrison

The World Bank Economic Review, 2000, vol. 14, issue 2, 309-30

Abstract: 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. Copyright 2000 by Oxford University Press.

Date: 2000
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