Productivity Growth in Latin America during the Twentieth Century
Analysis of new comparable series on output and employment between 1900 and 2000 for Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela indicates that productivity growth was significantly higher and less volatile during the middle decades of the century than in the opening and closing decades. The first estimate of total factor productivity (TFP) growth for Latin America during the twentieth century as a whole, derived from the residuals of a skill-augmented production function, indicates that unembodied technical progress was low and that the accumulation of fixed and human capital accounted for almost all recorded economic progress. Sectoral disaggregation suggests that this factor accumulation was associated with increased levels of capital per worker during industrialization on the one hand; and with both out-migration from agriculture and the lagged consequences of a demographic transition on the other. The relatively low rates of human and physical capital accumulation in Latin America remain to be explained, although these are more likely to be associated with inadequate public provision of infrastructure and education than with the cycle of protection and liberalization as such.
|Date of creation:||01 Dec 2003|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.economics.ox.ac.uk/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Martin, Will & Mitra, Devashish, 1999. "Productivity growth and convergence in agriculture and manufacturing," Policy Research Working Paper Series 2171, The World Bank.
- Pritchett, Lant, 1996. "Mind your P's and Q's : the cost of public investment is not the value of public capital," Policy Research Working Paper Series 1660, The World Bank.
- Mauro, Paolo, 1995. "Corruption and Growth," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 681-712, August.
- Robert E. Hall & Charles I. Jones, 1999.
"Why Do Some Countries Produce So Much More Output Per Worker Than Others?,"
The Quarterly Journal of Economics,
MIT Press, vol. 114(1), pages 83-116, February.
- Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output per Worker than Others?," NBER Working Papers 6564, National Bureau of Economic Research, Inc.
- Grossman, G.M. & Helpman, E., 1993.
"Endogenous, Innovation in the Theory of Growth,"
165, Princeton, Woodrow Wilson School - Public and International Affairs.
- Paul M. Romer, 1989.
"Human Capital And Growth: Theory and Evidence,"
NBER Working Papers
3173, National Bureau of Economic Research, Inc.
- Romer, Paul M., 1990. "Human capital and growth: Theory and evidence," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 32(1), pages 251-286, January.
- Mankiw, N Gregory & Romer, David & Weil, David N, 1992.
"A Contribution to the Empirics of Economic Growth,"
The Quarterly Journal of Economics,
MIT Press, vol. 107(2), pages 407-37, May.
- Stanley Fischer, 1993.
"The Role of Macroeconomic Factors in Growth,"
NBER Working Papers
4565, National Bureau of Economic Research, Inc.
- Easterly, William & Loayza, Norman & Montiel, Peter, 1997.
"Has Latin America's post-reform growth been disappointing?,"
Journal of International Economics,
Elsevier, vol. 43(3-4), pages 287-311, November.
- Easterly, William & Loayza, Norman & Montiel, Peter, 1997. "Has Latin America's post-reform growth been disappointing?," Policy Research Working Paper Series 1708, The World Bank.
- Robert J. Barro & Jong-Wha Lee, 2000.
"International Data on Educational Attainment: Updates and Implications,"
CID Working Papers
42, Center for International Development at Harvard University.
- Barro, Robert J & Lee, Jong-Wha, 2001. "International Data on Educational Attainment: Updates and Implications," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 541-63, July.
- Robert J. Barro & Jong-Wha Lee, 2000. "International Data on Educational Attainment Updates and Implications," NBER Working Papers 7911, National Bureau of Economic Research, Inc.
- Young, Alwyn, 1994. "Lessons from the East Asian NICS: A contrarian view," European Economic Review, Elsevier, vol. 38(3-4), pages 964-973, April.
- Rudiger Dornbusch & Sebastian Edwards, 1989. "Macroeconomic Populism in Latin America," NBER Working Papers 2986, National Bureau of Economic Research, Inc.
- Bruton, H.J., 1995. "Total Factor Productivity Growth," Center for Development Economics 139, Department of Economics, Williams College.
- Romer, Paul, 1993. "Idea gaps and object gaps in economic development," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 543-573, December.
- Dahlman, Carl J. & Ross-Larson, Bruce & Westphal, Larry E., 1987. "Managing technological development: Lessons from the newly industrializing countries," World Development, Elsevier, vol. 15(6), pages 759-775, June.
- Teitel, Simon & Thoumi, Francisco E, 1986. "From Import Substitution to Exports: The Manufacturing Exports Experience of Argentina and Brazil," Economic Development and Cultural Change, University of Chicago Press, vol. 34(3), pages 455-90, April.
- Dornbusch, Rudiger & Edwards, Sebastian, 1989.
"The macroeconomics of populism in Latin America,"
Policy Research Working Paper Series
316, The World Bank.
- Young, Alwyn, 1995. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 641-80, August.
- Susan M. Collins & Barry P. Bosworth, 1996. "Economic Growth in East Asia: Accumulation versus Assimilation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(2), pages 135-204.
- Pablo Astorga, Ame R. Berges and Valpy FitzGerald, .
"The Standard of Living in Latin America During the Twentieth Century,"
QEH Working Papers
qehwps103, Queen Elizabeth House, University of Oxford.
- Pablo Astorga & Ame E. Bergés & Valpy Fitzgerald, 2004. "The Standard of Living in Latin America During the Twentieth Century," Oxford University Economic and Social History Series _054, Economics Group, Nuffield College, University of Oxford.
- Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
- Syrquin, Moshe, 1988. "Patterns of structural change," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 1, chapter 7, pages 203-273 Elsevier.
When requesting a correction, please mention this item's handle: RePEc:oxf:wpaper:2003-w52. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Caroline Wise)
If references are entirely missing, you can add them using this form.