Productivity growth in Latin America over the long run.
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...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
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Blackwell Publishing
2011
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| _version_ | 1797069410810200064 |
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| author | Astorga, P Bergés, A FitzGerald, V |
| author_facet | Astorga, P Bergés, A FitzGerald, V |
| author_sort | Astorga, P |
| collection | OXFORD |
| description | 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. |
| first_indexed | 2024-03-06T22:24:02Z |
| format | Journal article |
| id | oxford-uuid:560e7f96-b6f1-497e-a445-b0611215713b |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T22:24:02Z |
| publishDate | 2011 |
| publisher | Blackwell Publishing |
| record_format | dspace |
| spelling | oxford-uuid:560e7f96-b6f1-497e-a445-b0611215713b2022-03-26T16:47:53ZProductivity growth in Latin America over the long run.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:560e7f96-b6f1-497e-a445-b0611215713bEnglishDepartment of Economics - ePrintsBlackwell Publishing2011Astorga, PBergés, AFitzGerald, VThe 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. |
| spellingShingle | Astorga, P Bergés, A FitzGerald, V Productivity growth in Latin America over the long run. |
| title | Productivity growth in Latin America over the long run. |
| title_full | Productivity growth in Latin America over the long run. |
| title_fullStr | Productivity growth in Latin America over the long run. |
| title_full_unstemmed | Productivity growth in Latin America over the long run. |
| title_short | Productivity growth in Latin America over the long run. |
| title_sort | productivity growth in latin america over the long run |
| work_keys_str_mv | AT astorgap productivitygrowthinlatinamericaoverthelongrun AT bergesa productivitygrowthinlatinamericaoverthelongrun AT fitzgeraldv productivitygrowthinlatinamericaoverthelongrun |