Scandinavian Working Papers in Economics
Working Papers in Economics,
University of Gothenburg, Department of Economics
No 11: Microeconomic Adjustment During Structural Reforms: The Nicaraguan Manufacturing Sector 1991-1995
Alberto Isgut (), Mario Tello and Ann Veiderpass
Additional contact information
Alberto Isgut: Department of Economics, Wesleyan University, Postal: 238 Church St-PAC Building, Wesleyan University, Middletown, CT 06459, USA ,
Mario Tello: Universidad Catolica del Peru, Postal: Agrupamiento San Eugenio H-103, Lince, Lima, Peru
Ann Veiderpass: Department of Economics, School of Economics and Commercial Law, Göteborg University, Postal: P.O Box 640, SE 405 30 Göteborg, Sweden, ,
Abstract: The main rationale for the implementation of structural reforms favoring free markets is that they, through increased competition, are likely to create incentives to improve the way firms operate i.e. firm efficiency. In this study we measure and analyze total factor productivity and technical efficiency in a large sample of Nicaraguan manufacturing firms. Our analysis indicates that whereas structural reforms may be necessary conditions for the development of developing economies, their expected positive effects on sources of growth such as total factor productivity and technical efficiency could be so slow that it may be necessary to develop sufficient conditions or policy instruments for spurring economic growth in the short run.
Keywords: Central America; Nicaragua; Productivity; Efficiency; Manufactures; Exports
JEL-codes: D24; L60; O12; O40; O54
28 pages, December 30, 1998
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