This paper studies the relationship between industrial structure and the extent of trade protection granted to Brazilian manufacturing industries during the 1988–1994 trade liberalization episode. Using a panel data-set covering this period, we find that even in an environment in which a major regime shift has been introduced, more concentrated sectors have been able to obtain policy advantages, that lead to a reduction in international competition. The importance of industry structure appears to be substantial: in our baseline specification, an increase in concentration by 20% leads to an increase in protection by 5–7%
Trade liberalization and industrial concentration : evidence from Brazil / G. Facchini, P. Cavalcanti Ferreira. - In: THE QUARTERLY REVIEW OF ECONOMICS AND FINANCE: JOURNAL OF THE MIDWEST ECONOMICS ASSOCIATION. - ISSN 1062-9769. - 45:2-3(2005 May), pp. 432-446. [10.1016/j.qref.2004.12.013]
Trade liberalization and industrial concentration : evidence from Brazil
G. FacchiniPrimo
;
2005
Abstract
This paper studies the relationship between industrial structure and the extent of trade protection granted to Brazilian manufacturing industries during the 1988–1994 trade liberalization episode. Using a panel data-set covering this period, we find that even in an environment in which a major regime shift has been introduced, more concentrated sectors have been able to obtain policy advantages, that lead to a reduction in international competition. The importance of industry structure appears to be substantial: in our baseline specification, an increase in concentration by 20% leads to an increase in protection by 5–7%
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