Reformas de mercado y ganancias de eficiencia en Chile

Translated title of the contribution: Market reforms and efficiency gains in Chile

Raphael Bergoeing, Andrés Hernando, Andrea Repetto

Research output: Contribution to journalArticlepeer-review

4 Scopus citations


Starting in the mid 1970s, Chile implemented comprehensive structural market reforms. Using manufacturing plant-level data on Chilean firms for years 1980 to 2001, we estimate the role of reforms on efficiency. We analyze aggregate productivity constructed from micro data to find that in the aftermath of the reforms, efficiency gains were explained by within-plant improvements and by the net entry of new units. We also find that plants producing traded goods and plants facing liquidity constraints experienced the largest efficiency gains. Trade openness and a superior access to external finance seem to have partially accounted for the improvement in manufacturing performance.

Translated title of the contributionMarket reforms and efficiency gains in Chile
Original languageSpanish
Pages (from-to)217-242
Number of pages26
JournalEstudios de Economia
Issue number2
StatePublished - 2010


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