Trade reorientation and productivity growth in Bulgarian enterprises

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Trade reorientation and productivity growth in Bulgarian enterprises, Volume 1

Author:	Djankov, Simeon; Hoekman, Bernard;	Collection Title:	Policy, Research working paper ; no. WPS 1707
Country:	Bulgaria;	Date Stored:	2001/04/21
Document Date:	1997/01/31	Document Type:	Policy Research Working Paper
Language:	English	Major Sector:	Public Administration, Law, and Justice
Region:	Europe and Central Asia	Report Number:	WPS1707
Sub Sectors:	Public Sector Management Adjustment	SubTopics:	Environmental Economics & Policies; Economic Theory & Research; Free Trade; Banks & Banking Reform; Municipal Financial Management
Volume No:	1

Summary: Although the impact of international trade is usually analyzed at the macroeconomic level or at the industry level, the authors here explicitly restrict their analysis to the microeconomic level, the level of the firm. Specifically, they investigate the relative importance of integration with world markets as a source of productivity growth in Bulgarian firms, controlling for macroeconomic forces. They focus on the potential importance to economic growth of greater access (after trade liberalization) to global markets for designs, equipment, and intermediates. By buying intermediates and equipment, firms are allowed to improve their productivity and to learn by exporting to more mature markets. The changes that occurred in trade patterns after opening the economy provide one indicator of the manager's attempts to import better technology. The partial correlations suggest that firms that reorient their trade patterns, which is arguably the most appropriate measure of trade integration for transition economies, tend to have higher growth rates for total factor productivity (TFP).


Official Documents Official, scanned versions of documents (may include signatures, etc.)
File Type		Description	File Size (mb)

	PDF 32 pages	Official version*	2.24 (approx.)
	Text	Text version**


Light-Weight Documents Lighter (less MB) documents which may or may not be the final, official version
File Type		Description	File Size (mb)

	PDF 25 pages	WPS1707	0.83

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.

** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
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