The Evolution of TFP in Latin America

Samuel de Abreu Pessoa, Fernando Veloso and Pedro Ferreira
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Samuel de Abreu Pessoa: EPGE/FGV

No 633, 2008 Meeting Papers from Society for Economic Dynamics

Abstract: Due to widespread government intervention and import-substitution industrialization, there has been a general perception that Latin America has been much less productive than the leading economies in the last decades. 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: 2008
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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 (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed008:633

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