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in total factor productivity (TFP), remains the main driver of GDP growth. Moving forward, given the expected moderation …
Persistent link: https://www.econbiz.de/10010790356
the robustness of its results. While total factor productivity initially appears to be the most important driver of output …
Persistent link: https://www.econbiz.de/10011276682
This paper presents a number of facts about growth in Latin America, and shows how critical correlates of growth have evolved over time. In comparison with other regions, Latin America has consistently exhibited higher macroeconomic volatility, lower openness, and higher income inequality,...
Persistent link: https://www.econbiz.de/10005264118
Purpose – The purpose of this paper is to analyse the relationship between infrastructure and total factor productivity … authors hypothesise that an increase in infrastructure has an indirect effect on output by raising productivity. To assess …
Persistent link: https://www.econbiz.de/10009421142
productivity or aggregate efficiency –appears to be the most important driver of output per worker gaps in Latin America and the …
Persistent link: https://www.econbiz.de/10010762713
this poor performance by using development accounting techniques. The results point towards total factor productivity as … the main culprit for the region’s lack of convergence. In order to investigate what causes the lack of productivity catch …
Persistent link: https://www.econbiz.de/10008522019
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. We find that total factor productivity is the predominant factor: low … and slow productivity, as opposed to impediments to factor accumulation, is the key to understand Latin America’s low …
Persistent link: https://www.econbiz.de/10008525329
The country studies and their background papers included in this book were prepared for the Latin America and the Caribbean section of the "Global Research Project: Explaining Growth" of the Global Development Network (GDN), a research effort conducted in association with the Latin American and...
Persistent link: https://www.econbiz.de/10010943575
Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This … paper documents sector-level productivity patterns across advanced economies prior to the crisis and examines the role of … driving productivity differences across sectors and countries. Since productivity payoffs of reforms evolve over time, we also …
Persistent link: https://www.econbiz.de/10011245883
This paper assesses productivity trends in Canada vis-a-vis the United States from two perspectives. The first one is … based on estimates of total factor productivity. The second one decomposes productivity growth into two sources: investment … underlying cause of the pickup in productivity in Canada and the narrowing of the productivity gap with the United States. …
Persistent link: https://www.econbiz.de/10005248234