International Competition and Industrial Performance: Allocative Efficiency, Productive Efficiency, and Turbulence

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International Competition and Industrial Performance: Allocative Efficiency, Productive Efficiency, and Turbulence

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dc.contributor.author Caves, Richard
dc.contributor.author Baldwin, John R.
dc.date.accessioned 2009-10-15T19:17:12Z
dc.date.issued 1998
dc.identifier.citation Baldwin, John R. and Richard E. Caves. "International competition and industrial performance: Allocative efficiency, productive efficiency, and turbulence." In Freedom and Trade. Vol. 2, The economics and politics of international trade, ed. Gary Cook. Routledge Studies in the Modern World Economy 10. London: Routledge, 1998. en
dc.identifier.issn ISBN-13: 978-0415155250 en
dc.identifier.issn ISBN-10: 0415155258 en
dc.identifier.uri http://nrs.harvard.edu/urn-3:HUL.InstRepos:3351717
dc.description.abstract Trade exerts generally favorable effects on the performance of domestic manufacturing industries in the dimensions of allocative and productive efficiency. We review theory and recent evidence on these linkages and also explore a third effect on the turbulence of competitive conditions and the turnover of business units. Calculations using primary census records for Canada over 1973-1992 indicate, with time and industry effect, controlled, market-share turnover, entry, exit, and mergers all increase with trade exposure. The effect is tied to market structures of differentiated products but broad international disturbances (North American Free Trade Area) also have significant effects. The normative significant of turbulence is mixed but has important positive components. en
dc.description.sponsorship Economics en
dc.language.iso en_US en
dc.publisher Routledge en
dc.relation.isversionof http://dx.doi.org/10.2139/ssrn.54942 en
dc.relation.hasversion http://www.economics.harvard.edu/faculty/caves/files/1809.pdf en
dash.license META_ONLY
dc.subject North American Free Trade Agreement en
dc.subject acquisitions en
dc.subject mergers en
dc.subject exit en
dc.subject entry en
dc.subject turnover en
dc.subject import competition en
dc.subject trade liberalization en
dc.title International Competition and Industrial Performance: Allocative Efficiency, Productive Efficiency, and Turbulence en
dash.depositing.author Caves, Richard
dash.embargo.until 10000-01-01

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