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Investment-Specific Productivity Growth - Chile in a Global Perspective
Author:
Gabriel Di Bella null

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and
Mr. Martin D. Cerisola
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Series:
IMF Working Papers
Volume/Issue:
Volume 2009: Issue 264
Language:
English
Publication Date:
01 Dec 2009
DOI:
https://doi.org/10.5089/9781451874099.001
ISBN:
9781451874099
ISSN:
1018-5941
Pages:
16
Keywords:
WP; market concentration
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund