Trade Liberalisation and Plant Exit in New Zealand Manufacturing
利用新西兰制造业工厂数据，检验贸易自由化对工厂退出的影响，发现存活工厂规模更大、成本更低，且由专业化企业拥有。
Data on New Zealand manufacturing plants are used to examine the impact of trade liberalization on plant exit. Recent theories suggest that the prospect of a declining market might cause firms to adopt strategic behavior that causes low cost plants to exit first. This hypothesis is generally unsupported. Surviving plants were larger, lower cost, and were owned by specialized firms with few plants. Plant costs were more important than firm size for explaining the plant-closing behavior of single-plant firms. Diversified, multiplant firms were more likely to close plants and were influenced by plant size but not plant costs. Copyright 1996 by MIT Press.