Microeconomic Adjustment During Structural Reforms: The Nicaraguan Manufacturing Sector, 1991–1995

Autor:	Mario D. Tello, Alberto Isgut, Ann Veiderpass
Rok vydání:	1999
Předmět:	Competition (economics) Labour economics Manufacturing sector Incentive Short run Economics Developing country Manufacturing firms International economics Development Free market Total factor productivity
Zdroj:	Canadian Journal of Development Studies / Revue canadienne d'études du développement. 20:545-566
ISSN:	2158-9100 0225-5189
DOI:	10.1080/02255189.1999.9669854
Popis:	The main rationale for the implementation of structural reforms favoring free markets is that they, through increased competition, are likely to create incentives to improve the way firms operate i.e. firm efficiency. In this study we measure and analyze total factor productivity and technical efficiency in a large sample of Nicaraguan manufacturing firms. Our analysis indicates that whereas structural reforms may be necessary conditions for the development of developing economies, their expected positive effects on sources of growth such as total factor productivity and technical efficiency could be so slow that it may be necessary to develop sufficient conditions or policy instruments for spurring economic growth in the short run.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::418942a86cbb7c2618c1f57538c301d8 https://doi.org/10.1080/02255189.1999.9669854 Zobrazit plný text záznamu