Investment-Specific Productivity Growth - Chile in a Global Perspective
December 1, 2009
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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.
Subject: Mining sector, Production growth, Productivity, Public expenditure review, Total factor productivity
Keywords: market concentration, WP
Pages:
16
Volume:
2009
DOI:
Issue:
264
Series:
Working Paper No. 2009/264
Stock No:
WPIEA2009264
ISBN:
9781451874099
ISSN:
1018-5941
