Trade Policy, Trade Volumes, and Plant-Level Productivity in Colombian Manufacturing Industries

Fernandes explores Colombian trade policy from 1977-91, a period of substantial variation in protection across industries, to examine whether increased exposure to foreign competition generates plant-level productivity gains. Using a large panel of...

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Main Author:	Fernandes, Ana Margarida
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	APPAREL AVERAGE TARIFF CAPITAL GOODS CAPITAL STOCK CENTRAL BANK CHANGES IN TRADE COMPETITORS CONDITIONS CONSTANT RETURNS TO SCALE CONSUMERS CURRENT ACCOUNT DEVELOPMENT ECONOMICS DOMESTIC COMPETITION DOMESTIC MARKET DOMESTIC PRODUCERS DOMESTIC PRODUCTION EMPIRICAL EVIDENCE EMPLOYMENT EXCHANGE RATE EXOGENOUS VARIABLES EXPECTED VALUE EXPLOITATION EXPORT ORIENTATION EXPORTERS EXPORTS FINAL GOODS FOREIGN COMPETITION FOREIGN INDUSTRIES FUELS HIGH TARIFFS IMPACT OF TRADE IMPACT OF TRADE LIBERALIZATION IMPERFECT COMPETITION IMPORT BARRIERS IMPORT COMPETITION IMPORT LICENSING IMPORT PENETRATION IMPORT SUBSTITUTION IMPORT SUBSTITUTION INDUSTRIALIZATION IMPORTS INDUSTRIAL CLASSIFICATION INDUSTRIAL PRODUCTION INDUSTRIAL PRODUCTIVITY INDUSTRIALISTS INDUSTRIALIZATION INEFFICIENCY INFLATION INPUT PRICES INPUT USE INTERMEDIATE INPUTS INVENTORIES LICENSING MACROECONOMIC SHOCKS MARKET SHARE MEASURE OF TRADE METAL PRODUCTS METALS MONEY SUPPLY OLIGOPOLY OPPORTUNITY COST OPTIMIZATION POLITICAL ECONOMY PRICE INDEXES PRODUCERS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION TECHNOLOGY PRODUCTIVITY PRODUCTIVITY GROWTH PROFIT MAXIMIZATION RATES OF PROTECTION REAL EXCHANGE RATE TARIFF DATA TARIFF LEVELS TARIFF RATES TARIFF REVENUE TAX REVENUE TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TOTAL REVENUE TRADE BARRIERS TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE OPENNESS TRADE POLICY TRADE PROTECTION TRADE REFORM TRADE REGIME TRADE REGIMES TRADE RESTRICTIONS TRADE VOLUMES UNSKILLED LABOR URUGUAY ROUND VALUE ADDED VARIABLE INPUTS WORKER TRAINING TRADE POLICY MANUFACTURING PRODUCTION TARIFF POLICY DEVELOPING COUNTRIES PLANT PRODUCTS LOBBYING INDUSTRY FINANCE WORKER TRAINING
Online Access:	http://documents.worldbank.org/curated/en/2003/05/2386465/trade-policy-trade-volumes-plant-level-productivity-colombian-manufacturing-industries http://hdl.handle.net/10986/18217

id	okr-10986-18217
recordtype	oai_dc
spelling	okr-10986-182172021-04-23T14:03:41Z Trade Policy, Trade Volumes, and Plant-Level Productivity in Colombian Manufacturing Industries Fernandes, Ana Margarida APPAREL AVERAGE TARIFF CAPITAL GOODS CAPITAL STOCK CENTRAL BANK CHANGES IN TRADE COMPETITORS CONDITIONS CONSTANT RETURNS TO SCALE CONSUMERS CURRENT ACCOUNT DEVELOPMENT ECONOMICS DOMESTIC COMPETITION DOMESTIC MARKET DOMESTIC PRODUCERS DOMESTIC PRODUCTION EMPIRICAL EVIDENCE EMPLOYMENT EXCHANGE RATE EXOGENOUS VARIABLES EXPECTED VALUE EXPLOITATION EXPORT ORIENTATION EXPORTERS EXPORTS FINAL GOODS FOREIGN COMPETITION FOREIGN INDUSTRIES FUELS HIGH TARIFFS IMPACT OF TRADE IMPACT OF TRADE LIBERALIZATION IMPERFECT COMPETITION IMPORT BARRIERS IMPORT COMPETITION IMPORT LICENSING IMPORT PENETRATION IMPORT SUBSTITUTION IMPORT SUBSTITUTION INDUSTRIALIZATION IMPORTS INDUSTRIAL CLASSIFICATION INDUSTRIAL PRODUCTION INDUSTRIAL PRODUCTIVITY INDUSTRIALISTS INDUSTRIALIZATION INEFFICIENCY INFLATION INPUT PRICES INPUT USE INTERMEDIATE INPUTS INVENTORIES LICENSING MACROECONOMIC SHOCKS MARKET SHARE MEASURE OF TRADE METAL PRODUCTS METALS MONEY SUPPLY OLIGOPOLY OPPORTUNITY COST OPTIMIZATION POLITICAL ECONOMY PRICE INDEXES PRODUCERS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION TECHNOLOGY PRODUCTIVITY PRODUCTIVITY GROWTH PROFIT MAXIMIZATION RATES OF PROTECTION REAL EXCHANGE RATE TARIFF DATA TARIFF LEVELS TARIFF RATES TARIFF REVENUE TAX REVENUE TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TOTAL REVENUE TRADE BARRIERS TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE OPENNESS TRADE POLICY TRADE PROTECTION TRADE REFORM TRADE REGIME TRADE REGIMES TRADE RESTRICTIONS TRADE VOLUMES UNSKILLED LABOR URUGUAY ROUND VALUE ADDED VARIABLE INPUTS WORKER TRAINING TRADE POLICY PRODUCTIVITY MANUFACTURING PRODUCTION TARIFF POLICY IMPORTS DEVELOPMENT ECONOMICS DEVELOPING COUNTRIES PLANT PRODUCTS LOBBYING INDUSTRY FINANCE EXPORTS CAPITAL GOODS TRADE LIBERALIZATION WORKER TRAINING TRADE POLICY Fernandes explores Colombian trade policy from 1977-91, a period of substantial variation in protection across industries, to examine whether increased exposure to foreign competition generates plant-level productivity gains. Using a large panel of manufacturing plants, she finds a strong positive impact of tariff liberalization on consistent productivity estimates, controlling for plant and industry heterogeneity. This result is not driven by the endogeneity of protection nor by plant exit. The impact of tariff liberalization on productivity is stronger for large plants and for plants in less competitive industries. Qualitatively similar results are obtained when using effective rates of protection and import penetration ratios as measures of protection 2014-05-09T18:55:27Z 2014-05-09T18:55:27Z 2003-05 http://documents.worldbank.org/curated/en/2003/05/2386465/trade-policy-trade-volumes-plant-level-productivity-colombian-manufacturing-industries http://hdl.handle.net/10986/18217 English en_US Policy Research Working Paper;No. 3064 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Colombia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	APPAREL AVERAGE TARIFF CAPITAL GOODS CAPITAL STOCK CENTRAL BANK CHANGES IN TRADE COMPETITORS CONDITIONS CONSTANT RETURNS TO SCALE CONSUMERS CURRENT ACCOUNT DEVELOPMENT ECONOMICS DOMESTIC COMPETITION DOMESTIC MARKET DOMESTIC PRODUCERS DOMESTIC PRODUCTION EMPIRICAL EVIDENCE EMPLOYMENT EXCHANGE RATE EXOGENOUS VARIABLES EXPECTED VALUE EXPLOITATION EXPORT ORIENTATION EXPORTERS EXPORTS FINAL GOODS FOREIGN COMPETITION FOREIGN INDUSTRIES FUELS HIGH TARIFFS IMPACT OF TRADE IMPACT OF TRADE LIBERALIZATION IMPERFECT COMPETITION IMPORT BARRIERS IMPORT COMPETITION IMPORT LICENSING IMPORT PENETRATION IMPORT SUBSTITUTION IMPORT SUBSTITUTION INDUSTRIALIZATION IMPORTS INDUSTRIAL CLASSIFICATION INDUSTRIAL PRODUCTION INDUSTRIAL PRODUCTIVITY INDUSTRIALISTS INDUSTRIALIZATION INEFFICIENCY INFLATION INPUT PRICES INPUT USE INTERMEDIATE INPUTS INVENTORIES LICENSING MACROECONOMIC SHOCKS MARKET SHARE MEASURE OF TRADE METAL PRODUCTS METALS MONEY SUPPLY OLIGOPOLY OPPORTUNITY COST OPTIMIZATION POLITICAL ECONOMY PRICE INDEXES PRODUCERS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION TECHNOLOGY PRODUCTIVITY PRODUCTIVITY GROWTH PROFIT MAXIMIZATION RATES OF PROTECTION REAL EXCHANGE RATE TARIFF DATA TARIFF LEVELS TARIFF RATES TARIFF REVENUE TAX REVENUE TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TOTAL REVENUE TRADE BARRIERS TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE OPENNESS TRADE POLICY TRADE PROTECTION TRADE REFORM TRADE REGIME TRADE REGIMES TRADE RESTRICTIONS TRADE VOLUMES UNSKILLED LABOR URUGUAY ROUND VALUE ADDED VARIABLE INPUTS WORKER TRAINING TRADE POLICY PRODUCTIVITY MANUFACTURING PRODUCTION TARIFF POLICY IMPORTS DEVELOPMENT ECONOMICS DEVELOPING COUNTRIES PLANT PRODUCTS LOBBYING INDUSTRY FINANCE EXPORTS CAPITAL GOODS TRADE LIBERALIZATION WORKER TRAINING TRADE POLICY
spellingShingle	APPAREL AVERAGE TARIFF CAPITAL GOODS CAPITAL STOCK CENTRAL BANK CHANGES IN TRADE COMPETITORS CONDITIONS CONSTANT RETURNS TO SCALE CONSUMERS CURRENT ACCOUNT DEVELOPMENT ECONOMICS DOMESTIC COMPETITION DOMESTIC MARKET DOMESTIC PRODUCERS DOMESTIC PRODUCTION EMPIRICAL EVIDENCE EMPLOYMENT EXCHANGE RATE EXOGENOUS VARIABLES EXPECTED VALUE EXPLOITATION EXPORT ORIENTATION EXPORTERS EXPORTS FINAL GOODS FOREIGN COMPETITION FOREIGN INDUSTRIES FUELS HIGH TARIFFS IMPACT OF TRADE IMPACT OF TRADE LIBERALIZATION IMPERFECT COMPETITION IMPORT BARRIERS IMPORT COMPETITION IMPORT LICENSING IMPORT PENETRATION IMPORT SUBSTITUTION IMPORT SUBSTITUTION INDUSTRIALIZATION IMPORTS INDUSTRIAL CLASSIFICATION INDUSTRIAL PRODUCTION INDUSTRIAL PRODUCTIVITY INDUSTRIALISTS INDUSTRIALIZATION INEFFICIENCY INFLATION INPUT PRICES INPUT USE INTERMEDIATE INPUTS INVENTORIES LICENSING MACROECONOMIC SHOCKS MARKET SHARE MEASURE OF TRADE METAL PRODUCTS METALS MONEY SUPPLY OLIGOPOLY OPPORTUNITY COST OPTIMIZATION POLITICAL ECONOMY PRICE INDEXES PRODUCERS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION TECHNOLOGY PRODUCTIVITY PRODUCTIVITY GROWTH PROFIT MAXIMIZATION RATES OF PROTECTION REAL EXCHANGE RATE TARIFF DATA TARIFF LEVELS TARIFF RATES TARIFF REVENUE TAX REVENUE TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TOTAL REVENUE TRADE BARRIERS TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE OPENNESS TRADE POLICY TRADE PROTECTION TRADE REFORM TRADE REGIME TRADE REGIMES TRADE RESTRICTIONS TRADE VOLUMES UNSKILLED LABOR URUGUAY ROUND VALUE ADDED VARIABLE INPUTS WORKER TRAINING TRADE POLICY PRODUCTIVITY MANUFACTURING PRODUCTION TARIFF POLICY IMPORTS DEVELOPMENT ECONOMICS DEVELOPING COUNTRIES PLANT PRODUCTS LOBBYING INDUSTRY FINANCE EXPORTS CAPITAL GOODS TRADE LIBERALIZATION WORKER TRAINING TRADE POLICY Fernandes, Ana Margarida Trade Policy, Trade Volumes, and Plant-Level Productivity in Colombian Manufacturing Industries
geographic_facet	Latin America & Caribbean Colombia
relation	Policy Research Working Paper;No. 3064
description	Fernandes explores Colombian trade policy from 1977-91, a period of substantial variation in protection across industries, to examine whether increased exposure to foreign competition generates plant-level productivity gains. Using a large panel of manufacturing plants, she finds a strong positive impact of tariff liberalization on consistent productivity estimates, controlling for plant and industry heterogeneity. This result is not driven by the endogeneity of protection nor by plant exit. The impact of tariff liberalization on productivity is stronger for large plants and for plants in less competitive industries. Qualitatively similar results are obtained when using effective rates of protection and import penetration ratios as measures of protection
format	Publications & Research :: Policy Research Working Paper
author	Fernandes, Ana Margarida
author_facet	Fernandes, Ana Margarida
author_sort	Fernandes, Ana Margarida
title	Trade Policy, Trade Volumes, and Plant-Level Productivity in Colombian Manufacturing Industries
title_short	Trade Policy, Trade Volumes, and Plant-Level Productivity in Colombian Manufacturing Industries
title_full	Trade Policy, Trade Volumes, and Plant-Level Productivity in Colombian Manufacturing Industries
title_fullStr	Trade Policy, Trade Volumes, and Plant-Level Productivity in Colombian Manufacturing Industries
title_full_unstemmed	Trade Policy, Trade Volumes, and Plant-Level Productivity in Colombian Manufacturing Industries
title_sort	trade policy, trade volumes, and plant-level productivity in colombian manufacturing industries
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2003/05/2386465/trade-policy-trade-volumes-plant-level-productivity-colombian-manufacturing-industries http://hdl.handle.net/10986/18217
_version_	1764439083281547264

Trade Policy, Trade Volumes, and Plant-Level Productivity in Colombian Manufacturing Industries

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