Structural Transformation and Productivity in Latin America
We investigate the role of sectorial differences in labor productivity and the process of structural transformation (reallocation of labor across sectors) in accounting for the time path of aggregate productivity across six Latin American countries (Brazil, Chile, Argentina, Colombia, Mexico and Venezuela) from 1950 to 2003. We used a general equilibrium model with three sectors (agriculture, industry and services) calibrated to those six economies. The model is used to compare the trajectory of productivity in each sector of activity with that of the United States and it impact on aggregate productivity.While in Brazil and Argentina, the Service Sector was responsible for reversing the process of catch up in productivity that occurred until the 1980s, in others, like Colombia, Mexico and Venezuela, low productivity growth of the three sectors explain their poor performance.
Year of publication: |
2011-08-12
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Authors: | Silva, Leonardo Fonseca da ; Ferreira, Pedro Cavalcanti |
Institutions: | FGV/EPGE Escola Brasileira de Economia e Finanças, Fundação Getulio Vargas (FGV) |
Saved in:
Series: | Economics Working Papers (Ensaios Economicos da EPGE). - ISSN 0104-8910. |
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Type of publication: | Book / Working Paper |
Notes: | Number 724 |
Source: |
Persistent link: https://www.econbiz.de/10009188988
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