Investment-Specific Productivity Growth
AbstractBy 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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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 09/264.
Date of creation: 01 Dec 2009
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-01-16 (All new papers)
- NEP-EFF-2010-01-16 (Efficiency & Productivity)
- NEP-FDG-2010-01-16 (Financial Development & Growth)
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