Produttività e concorrenza estera
In Italy the debate on the recent growth slowdown has focused on the increased competitive pressures by developing countries in sectors where Italy used to own a revealed comparative advantage. This paper aims at quantifying explicitly the effects of such pressures on the productivity of firms and manufacturing sectors in Italy by relying on the exogenous nature of the entry of firms located in developing countries into world markets. We find a positive causal impact of developing countries' world market shares on sectoral productivity, mostly due to a creative destruction process with the exit of less efficient firms and the entry of more efficient ones.
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Volume (Year): 96 (2006)
Issue (Month): 5 (September-October)
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