Productivity growth in Latin America over the long run

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• dc.contributor.author Astorga Junquera, Pablo
• dc.contributor.author Bergés, Ame R.
• dc.contributor.author FitzGerald, Valpy
• dc.date.accessioned 2019-10-01T08:05:24Z
• dc.date.available 2019-10-01T08:05:24Z
• dc.date.issued 2011
• dc.description.abstract The low pace of Latin American productivity growth in recent decades, despite extensive economic reforms, has yet to be understood in a longer‐run context where factors such as demographic changes, structural shifts, and investment levels can be taken fully into account. The OxLAD database provides comparable sectoral output and workforce series over 1900–2000 for the six leading economies in the region for the first time. Our analysis of this new dataset shows that: intersectoral resource reallocation reduced aggregate productivity growth in all three periods; total factor productivity growth was low throughout the century, and even negative in the closing three decades; and thus factor accumulation—investment in fixed capital and skilled labor—was the main source of productivity growth in Latin America during the twentieth century.
• dc.format.mimetype application/pdf
• dc.identifier.citation Astorga Junquera P, Bergés AR, FitzGerald V. Productivity growth in Latin America over the long run. Rev Income Wealth. 2011 Jun;57(2):203-23. DOI: 10.1111/j.1475-4991.2011.00447.x
• dc.identifier.doi http://dx.doi.org/10.1111/j.1475-4991.2011.00447.x
• dc.identifier.issn 0034-6586
• dc.identifier.uri http://hdl.handle.net/10230/42359
• dc.language.iso eng
• dc.publisher Wiley
• dc.relation.ispartof Review of Income and Wealth. 2011 Jun;57(2):203-23
• dc.rights This is the peer reviewed version of the following article: Astorga Junquera P, Bergés AR, FitzGerald V. Productivity growth in Latin America over the long run. Review of Income and Wealth. 2011 Jun;57(2):203-23, which has been published in final form at https://doi.org/10.1111/j.1475-4991.2011.00447.x. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. © 2011 The Authors. Review of Income and Wealth © International Association for Research in Income and Wealth 2011
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.subject.keyword Aggregate productivity and growth
• dc.subject.keyword Total factor productivity
• dc.subject.keyword Human capital
• dc.subject.keyword Agriculture
• dc.subject.keyword Manufacturing
• dc.title Productivity growth in Latin America over the long run
• dc.type info:eu-repo/semantics/article
• dc.type.version info:eu-repo/semantics/acceptedVersion