Investment-Specific Productivity Growth: Chile in a Global Perspective

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Price:  $18.00

Author/Editor: Gabriel Di Bella, Martin Cerisola
Release Date: © December, 2009
ISBN : 978-1-45187-409-9
Stock #: WPIEA2009264
English
Stock Status: Available

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Description

By the end of 2007, Chile's total factor productivity was lower than ten years earlier, a performance that contrasted sharply with the previous decade, when productivity grew by a cumulative 30 percent. This paper assesses productivity trends in Chile, by decomposing productivity into investment-specific technological change (associated with improvements in the quality of capital) and neutral technological change (related to the organization of productive activities). It concludes that investment-specific technological improvements have contributed significantly to long-term growth in Chile, in line with trends observed in other net commodity exporters, while neutral technological change has been slow.

Taxonomy

Economic development , Investment




More publications in this series: Working Papers


More publications by: Gabriel Di Bella ; Martin Cerisola