importance of total factor productivity and the accumulation of factors of production in the economic development performance of … advanced countries and peer countries in other regions. The paper finds that total factor productivity is the predominant … factor: low productivity and slow productivity growth, as opposed to impediments to factor accumulation, are the key to …

productivity and the accumulation of factors of production as engines of growth in Latin America. Using the new, drastically … successful development benchmarks are explained by subpar productivity gains rather than slower factor accumulation. The … empirical analysis of the interplay between productivity and accumulation in the process of development suggests that one …