Investment-Specific Productivity Growth: Chile from a Global Perspective

C. Di Bella () and Martín Cerisola

Journal Economía Chilena (The Chilean Economy), 2011, vol. 14, issue 1, 05-24

Abstract: 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.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchec:v:14:y:2011:i:1:p:05-24

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