TY - JOUR
T1 - Impact of Trade Liberalisation on Technical Efficiency of Vietnamese Manufacturing Firms
AU - Chu, Ngoc
AU - Kalirajan, Kaliappa
PY - 2011
Y1 - 2011
N2 - This study has examined whether trade liberalisation facilitated manufacturing firms in Vietnam to realise their production potentials fully using firm-level balanced panel data over the period 2000-03. The findings support the theoretical implications of the positive and robust impact of trade liberalisation on firm performance. The study reveals that while more trade liberalisation is conducive to better firm performance, increasing the share of skilled labour is the key for firms to achieve higher potential output in the long-run rather than using more unskilled labour, which is relatively more abundant in Vietnam. The policy implication is that more attention should be paid by policymakers to provide incentives and support for firms to facilitate upgrading the skills of their workers through different means such as on-the-job training.
AB - This study has examined whether trade liberalisation facilitated manufacturing firms in Vietnam to realise their production potentials fully using firm-level balanced panel data over the period 2000-03. The findings support the theoretical implications of the positive and robust impact of trade liberalisation on firm performance. The study reveals that while more trade liberalisation is conducive to better firm performance, increasing the share of skilled labour is the key for firms to achieve higher potential output in the long-run rather than using more unskilled labour, which is relatively more abundant in Vietnam. The policy implication is that more attention should be paid by policymakers to provide incentives and support for firms to facilitate upgrading the skills of their workers through different means such as on-the-job training.
U2 - 10.1177/097172181101600302
DO - 10.1177/097172181101600302
M3 - Article
VL - 16
SP - 265
EP - 284
JO - Science, Technology & Society
JF - Science, Technology & Society
IS - 3
ER -