Busso, Matias; Madrigal, Lucía; Pagés-Serra, Carmen - Inter-American Development Bank - 2012
Total factor productivity (TFP) in Latin America has not increased since the mid- 1970s, and in many countries it has … 10 Latin American countries to quantify the heterogeneity of firm productivity and the degree of resource misallocation … within countries. Productivity heterogeneity and resource misallocation are found to be much larger than in the United States …