Investment-Specific Productivity Growth - Chile in a Global Perspective

C. Di Bella () and Martin Cerisola

No 2009/264, IMF Working Papers from International Monetary Fund

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.

Keywords: WP; market concentration (search for similar items in EconPapers)
Pages: 16
Date: 2009-12-01
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Citations: View citations in EconPapers (3)

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