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Investment-Specific Productivity Growth - Chile in a Global Perspective, Gabriel Di Bella, Martin Cerisola

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
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Investment in Machinery and Equipment: Quantity and Price Trends; II. The Economic Environment; III. Balanced Growth Path Conditions and Model Calibration; 1. Calibration Results; IV. Assessing Productivity Trends: Chile in a Global Comparative Perspective; 2. Investment-Specific Productivity and Total Factor Productivity; V. What Could Explain the Productivity Slowdown?; VI. Concluding Observations; References; Footnotes
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (29 p.)
Specific Material Designation
Form Of Item

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