The evolution of TFP in Latin America

Fernando Veloso, Pedro Ferreira and Samuel de Abreu Pessôa

No 620, FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) from EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil)

Abstract: Due to widespread government intervention and import-substitution industrialization, there has been a general perception that Latin America has always been less productive than the leading economies. In this paper, however, we show that until the mid-seventies Latin America had high productivity levels relative to the US and other regions. Moreover, total factor productivity in Latin America increased relative to the US during this period, declining only in the subsequent years.

Date: 2006-09-01
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: On the evolution of TFP in Latin America (2011)
Working Paper: The Evolution of TFP in Latin America (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:fgv:epgewp:620

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