The Post 1990 Brazilian Trade Liberalization and the Performance of Large Manufacturing Firms

Posted: 25 Sep 2002

See all articles by Donald Hay

Donald Hay

University of Oxford - Department of Economics

Abstract

The paper analyses the effects of the 1990 Brazilian trade liberalizaton 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 liberalization to profits was so great that firms were stimulated to improve their efficiency dramatically.

Keywords: Trade liberalization, productivity, firm performance, Brazil, panel data analysis

JEL Classification: D24, L11, F13, C23

Suggested Citation

Hay, Donald, The Post 1990 Brazilian Trade Liberalization and the Performance of Large Manufacturing Firms. Available at SSRN: https://ssrn.com/abstract=323901

Donald Hay (Contact Author)

University of Oxford - Department of Economics ( email )

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