Competition, selection, and productivity growth in the Chilean manufacturing industry
利用1995-2007年智利制造企业数据，研究竞争对全要素生产率增长和企业选择的影响，发现竞争促进生产率增长，尤其对落后企业效果显著，但对低生产率企业退出概率影响较弱。
Abstract Competition is considered as a key driver of productivity growth. However, the empirical evidence on its impact is scant in developing countries. Using information from manufacturing plants for the period 1995–2007, we analyze the impact of competition on firm selection and productivity growth in Chile. Our results indicate that competition has a positive effect on total factor productivity (TFP) growth, especially for laggard firms. We find weaker evidence that competition affects the probability of exit for low-productivity firms. In general, these results for productivity growth are robust to alternative methodologies for calculating productivity and to the inclusion of other variables that may affect firms’ TFP growth. We find support for Schumpeterian forces, but the quantitative impact is small.