increases productivity by 2 percent and output by 3 percent as it improves the allocation of resources across firms and sectors …

social costs, with a particular focus on Chile. The study concludes that the problem lies in the low productivity of the … manufacturing and service sectors. Given the increasing economic weight of the services sector in the region, its low productivity … has become an obstacle to aggregate productivity. The study suggests that an increase in productivity in the service …

This presentation aims to understand what is behind aggregate productivity and how it grows, expanding the scope beyond … productivity (TFP) to reflect market inefficiencies. The authors show that improving the efficiency of markets is another route … towards higher productivity and income growth, and that there is a need to look at what is happening at all sectors of the …