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Trade reorientation and post-reform productivity growth in Bulgarian enterprises

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  • Simeon Djankov
  • Bernard Hoekman

Abstract

This paper analyzes the importance of integration into world markets following the collapse of central planning in explaining the productivity growth performance of Bulgarian firms. Using a large panel data set on 1,300 manufacturing firms for 13 quarters, we find that a shift towards sourcing from - and exporting to - OECD markets is a significant factor explaining firm-level total factor productivity growth.

Suggested Citation

  • Simeon Djankov & Bernard Hoekman, 1998. "Trade reorientation and post-reform productivity growth in Bulgarian enterprises," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 2(2), pages 151-168.
    • Handle: RePEc:taf:jpolrf:v:2:y:1998:i:2:p:151-168
    DOI: 10.1080/13841289808523379
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    Cited by:

    1. Xu, Jin, 2012. "Profitability and capital structure: Evidence from import penetration," Journal of Financial Economics, Elsevier, vol. 106(2), pages 427-446.
    2. Hoekman, Bernard & Hiau Looi Kee & Olarreaga, Marcelo, 2001. "Markups, entry regulation, and trade - Does country size matter?," Policy Research Working Paper Series 2662, The World Bank.
    3. Karolien De Bruyne & Jan Van Hove, 2013. "The impact of European enlargement on the direction and prospects of Brussels exports," International Journal of Public Policy, Inderscience Enterprises Ltd, vol. 9(3), pages 188-214.
    4. Saliola, Federica & Zanfei, Antonello, 2009. "Multinational firms, global value chains and the organization of knowledge transfer," Research Policy, Elsevier, vol. 38(2), pages 369-381, March.
    5. repec:lic:licosd:21908 is not listed on IDEAS
    6. Jože P. Damijan & José De Sousa & Olivier Lamotte, 2009. "Does international openness affect the productivity of local firms?," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 17(3), pages 559-586, July.

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