Investment-Specific Productivity Growth: Chile in a Global Perspective

 
Author/Editor: Di Bella, Gabriel ; Cerisola, Martin
 
Publication Date: December 01, 2009
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
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.
 
Series: Working Paper No. 09/264
Subject(s): Capital | Chile | Cross country analysis | Economic growth | Economic models | Investment | Labor productivity | Productivity

Author's Keyword(s): Productivity | Investment | General Equilibrium Model | Chile.
 
English
Publication Date: December 01, 2009
Format: Paper
Stock No: WPIEA2009264 Pages: 16
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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