Investment-Specific Productivity Growth - Chile in a Global Perspective
IMF Working Papers, December 1, 2009
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Bibliographic details
- Authors: Gabriel Di Bella, Martin D. Cerisola
- Published: December 1, 2009
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451874099.001
Summary
- Authors: Gabriel Di Bella, Martin D. Cerisola
- Publication date: December 1, 2009
- Working Paper: Working Paper No. 2009/264; Issue: 264; Volume: 2009; Pages: 16
- DOI: https://doi.org/10.5089/9781451874099.001
- Stock No: WPIEA2009264
- ISBN: 9781451874099
- ISSN: 1018-5941
- Core finding: By the end of 2007, Chile's total factor productivity was lower than ten years earlier, contrasting with the previous decade when productivity grew by a cumulative 30 percent.
Analysis and Methodology
- Decomposition approach:
- Productivity is decomposed into investment-specific technological change (associated with improvements in the quality of capital) and neutral technological change (related to the organization of productive activities).
- Comparative perspective:
- Investment-specific technological improvements in Chile are found to be in line with trends observed in other net commodity exporters.
Key Findings
- Productivity trend:
- By the end of 2007, total factor productivity in Chile was lower than it had been ten years earlier.
- In the previous decade, productivity grew by a cumulative 30 percent.
- Drivers of long-term growth:
- Investment-specific technological improvements have contributed significantly to long-term growth in Chile.
- Neutral technological change has been slow.
Subjects and Keywords
- Subject: Mining sector, Production growth, Productivity, Public expenditure review, Total factor productivity
- Keywords: market concentration, WP
Publication and Access Details
- Format note: IMF Working Papers
- Availability: Download PDF; More Formats on IMF eLibrary; Order a Print Copy
- Citation example provided in Chicago format for reference.
Source: IMF Working Papers — "Investment-Specific Productivity Growth - Chile in a Global Perspective", Gabriel Di Bella and Martin D. Cerisola, December 1, 2009, Working Paper No. 2009/264, DOI: https://doi.org/10.5089/9781451874099.001