The post-1990 Brazilian trade liberalisation and the performance of large manufacturing firms: Productivity, market share and profits

被引：42
作者：
Hay, DA [1 ]
机构：
[1] Univ Oxford, Oxford OX1 2JD, England
来源：
ECONOMIC JOURNAL | 2001年 / 111卷 / 473期
关键词：
D O I：
10.1111/1468-0297.00653
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper analyses the effects of the 1990 Brazilian trade liberalisation on the total factor productivity, market share and profits of a sample of 318 large manufacturing firms. A panel data production function analysis for the period 1986-94 indicates very large total factor productivity gains in the period to 1994, which were accompanied by large falls in market shares and profits. The explanation advanced is that the shock of trade liberalisation to profits was so great that firms were stimulated to improve their efficiency dramatically.
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页码：620 / 641
页数：22
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