Trade Liberalization and Firm Productivity : The Case of India
Trade Liberalization and Firm Productivity : The Case of India
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贸易自由化和企业生产力：印度的案例
DOI：
10.5089/9781451844696.001
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发表时间：
2004
期刊：
影响因子：
--
通讯作者：
P. Topalova
中科院分区：
文献类型：
--
作者：
P. Topalova
本文使用一组企业层面的数据，研究了印度的贸易改革在20世纪90年代初对制造业企业生产率的影响，重点是这种政策冲击和企业和环境特征之间的相互作用。1991年，在IMF的支持下，印度实施了一项调整计划，其中迅速而全面的关税削减使我们能够在产业间和跨期关税的变化与一致估计的企业生产率之间建立因果关系。具体而言，贸易保护主义的减少导致企业生产率的提高和增长，这对私营企业的影响最大。有趣的是，国家层面的特征，如劳动法规，投资环境和金融发展，似乎并没有影响贸易自由化对企业生产率的影响。
Using a panel of firm-level data, this paper examines the effects of India's trade reforms in the early 1990s on firm productivity in the manufacturing sector, focusing on the interaction between this policy shock and firm and environment characteristics. The rapid and comprehensive tariff reductions-part of an IMF-supported adjustment program with India in 1991-allow us to establish a causal link between variations in inter-industry and intertemporal tariffs and consistently estimated firm productivity. Specifically, reductions in trade protectionism lead to higher levels and growth of firm productivity, with this effect strongest for private companies. Interestingly, state-level characteristics, such as labor regulations, investment climate, and financial development, do not appear to influence the effect of trade liberalization on firm productivity.