|
|
|
|
Title: |
Imperfect Competition, Returns to Scale and Productivity Growth in
Australian Manufacturing: A Smooth Transition Approach to Trade
Liberalisation |
| Author: |
Oczkowski, Edward; Sharma, Kishor |
| Author
Affiliation: |
Charles Sturt U |
| Source: |
International Economic Journal, Summer 2001, v. 15, no. 2, pp. 99-113 |
|
Publication Date: |
Summer 2001 |
|
Abstract: |
This paper examines the relationship
between trade liberalisation and productivity growth for Australian
manufacturing. An imperfect competition, non-CRS, smooth transition
empirical framework is employed for analysis. GMM estimates of the
logistic smooth transition model imply that trade reform impacts take
approximately four years to complete, but do not occur over the same
time period for all industries. In response to trade reforms, for most
industries a significant improvement in productivity is estimated, these
improvements are associated with lower mark-ups and falling scale
parameters. A minority of industries however, experienced no change or
falling productivity growth in response to reforms, these industries
tended to have the highest absolute protection levels. |
|
