Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/222712 
Year of Publication: 
2019
Series/Report no.: 
ADBI Working Paper Series No. 945
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
Trade and investment liberalization has been one of the key features of economic policy in many developing countries since the 1990s. Research on this subject has consistently produced more evidence on the benefits of globalization; theoretical studies give more attention to what happens within an industry when trade and liberalization occur, while empirical studies confirm the positive impact of trade liberalization. This paper reviews some recent studies on the subject of firms in a globalized economy to enable us to understand more about how firms respond to globalization or changes in trade and investment liberalization. The paper focuses on presenting or explaining the underlying mechanisms through which the effects are realized. The studies summarized in this paper generally confirm the positive impact of trade liberalization on productivity or the spectrum of measures reflecting productivity, such as product quality, firm size, or skill intensity. The positive impact goes through various channels, including competition and industry dynamics, exporting and innovation decisions, and production or investment decisions.
Subjects: 
trade liberalization
investment liberalization
globalization
productivity
JEL: 
F1
F6
O14
O53
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

Files in This Item:
File
Size
422.24 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.