Investment-Specific Productivity Growth: Chile in a Global Perspective

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 inv...

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Bibliographic Details
Main Author: Di Bella, Gabriel (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 2009
Series:IMF Working Papers Working Paper No. 09/264
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Summary: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
Physical Description:1 Online-Ressource (16 p)
ISBN:145187409X
9781451874099

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