Structural change in four Latin American countries: An international perspective:

This paper compares structural change in four Latin American countries (Argentina, Brazil, Chile and Mexico) and seven additional countries which are taken as a reference: 5 European countries (France, Germany, United Kingdom, Italy and Spain), United States and Japan. It considers nine industries a...

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Hauptverfasser: Aravena, Claudio (VerfasserIn), Fernández de Guevara, Juan (VerfasserIn), Hofman, André A. (VerfasserIn), Mas, Matilde (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: s.l ECLAC 2014-07
Schriftenreihe:Serie Macroeconomía del Desarrollo 150
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Zusammenfassung:This paper compares structural change in four Latin American countries (Argentina, Brazil, Chile and Mexico) and seven additional countries which are taken as a reference: 5 European countries (France, Germany, United Kingdom, Italy and Spain), United States and Japan. It considers nine industries andcovers the period 1995-2007. The information comes from EU KLEMS and LA KLEMS databases. Itstarts presenting, in section 2, the growth accounting results, decomposing labor productivity growth inthe contribution of four sources of growth (Information and Communication Technologies (ICT) capitaland non-ICT capital; labor qualification; and Total Factor Productivity (TFP)). Section 3 shows a set ofdescriptive statistics in order to help understand what happens inside each country as well as itsimplication for the shift-share analysis which is presented in section 4. The shift-share methodology isapplied to each individual variable: (i) Labor productivity; (ii) Capital per worker —distinguishingbetween ICT and non-ICT capital—; and (iii) Total Factor Productivity. This section also analyses thesensitivity of the shift-share results to the level of industry disaggregation, taking Mexico and thereference countries as illustration
Abstract .-- Introduction .-- I. Growth accounting results .-- II. Descriptive statistics .-- III. Shift-share analysis .-- IV. Conclusions
Beschreibung:Incluye bibliografía
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