This paper analyses plant entry, total factor productivity growth, average productivity level differentials and … plant cohorts as well as across sub-markets within petrochemicals. Entry flows were steady increasing within plastics … that entrants adopted competitive post-entry strategies. Total factor productivity growth decomposition shows that the …

evolution emphasize that low sunk entry and exit costs act to speed firm turnover by facilitating entry and increasing the … pressure on inefficient firms to exit. As a result, low cost entry and exit may contribute to aggregate productivity … total factor productivity among entering, exiting, and continuing firms, and quantify the contribution of firm turnover to …