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| Author: | Damijan, J.P. De Sousa, J. Lamotte, O. |
| Title: | Does international openness affect the productivity of local firms? Evidence from south-eastern Europe |
| Journal: | Economics of transition
2009 : VOL. 17:3, p. 559-586 |
| Index terms: | liberalization international trade total factor productivity transition economies |
| Language: | eng |
| Abstract: | This article explores how international openness can change firm productivity in south-eastern Europe (SEE). This study identifies whether foreign ownership and propensity to trade with more advanced countries can bring about higher learning effects. Firm-level data for six transition countries over the 1995-2002 period is used in this study. The results reveal that foreign ownership has helped restructure and enhance the productivity of local firms in four out of six countries. It is also indicated that exporting to advanced markets has a large impact on productivity growth in four countries. In contrast, exporting to the less competitive markets of the former Yugoslavia seems to negatively affect productivity growth in three countries. Finally, learning effects from importing are similar to those from exporting. The results suggest that trade liberalization is not uniformly beneficial. |
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