English, Article, Journal or magazine article edition: International Competition and Industrial Performance: Allocative Efficiency, Productive Efficiency, and Turbulence Baldwin, John R.; Caves, Richard

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • International Competition and Industrial Performance: Allocative Efficiency, Productive Efficiency, and Turbulence
Author
  • Baldwin, John R.
  • Caves, Richard
Physical Description
  • preprint
Notes
  • Trade exerts generally favourable effects on the performance of domestic manufacturing industries in the dimensions of allocative and productive efficiency. This paper reviews 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.
  • Business performance and ownership, International trade, Business adaptation and adjustment, Entry, exit, mergers and growth, Trade patterns, Current conditions
  • RePEc:stc:stcp3e:1997108e
Language
  • English
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