On the evolution of TFP in Latin America
Autor(a) principal: | |
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Data de Publicação: | 2012 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/11798 |
Resumo: | Due to several policy distortions, including import-substitution industrialization, widespread government intervention and both domestic and international competitive barriers, there has been a general presumption that Latin America has been much less productive than the leading economies in the last decades. In this paper we show, however, that until the late seventies Latin American countries had high productivity levels relative to the United States. It is only after the late seventies that we observe a fast decrease of relative TFP in Latin America. We also show that the inclusion of human capital in the production function makes a crucial difference in the TFP calculations for Latin America. |
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Ferreira, Pedro CavalcantiPessôa, Samuel de AbreuVeloso, Fernando A.Institutos::IBRE2014-05-30T13:50:08Z2014-05-30T13:50:08Z2012-04http://hdl.handle.net/10438/11798Due to several policy distortions, including import-substitution industrialization, widespread government intervention and both domestic and international competitive barriers, there has been a general presumption that Latin America has been much less productive than the leading economies in the last decades. In this paper we show, however, that until the late seventies Latin American countries had high productivity levels relative to the United States. It is only after the late seventies that we observe a fast decrease of relative TFP in Latin America. We also show that the inclusion of human capital in the production function makes a crucial difference in the TFP calculations for Latin America.Instituto Brasileiro de EconomiaengTexto para DiscussãoLatin AmericaTotal factor productivityEconomiaEconomiaOn the evolution of TFP in Latin Americainfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINALTFP in Latin America.pdfTFP in Latin America.pdfapplication/pdf1091727https://repositorio.fgv.br/bitstreams/4c505a42-978c-4ab3-a976-863b4e8f165a/downloadd8a0dd40e50ee9228825f632f79c095bMD51LICENSElicense.txtlicense.txttext/plain; charset=utf-84707https://repositorio.fgv.br/bitstreams/8a094dfc-fd4c-4133-b91c-040344bc5d6c/downloaddfb340242cced38a6cca06c627998fa1MD52TEXTTFP in Latin America.pdf.txtTFP in Latin America.pdf.txtExtracted 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dc.title.eng.fl_str_mv |
On the evolution of TFP in Latin America |
title |
On the evolution of TFP in Latin America |
spellingShingle |
On the evolution of TFP in Latin America Ferreira, Pedro Cavalcanti Latin America Total factor productivity Economia Economia |
title_short |
On the evolution of TFP in Latin America |
title_full |
On the evolution of TFP in Latin America |
title_fullStr |
On the evolution of TFP in Latin America |
title_full_unstemmed |
On the evolution of TFP in Latin America |
title_sort |
On the evolution of TFP in Latin America |
author |
Ferreira, Pedro Cavalcanti |
author_facet |
Ferreira, Pedro Cavalcanti Pessôa, Samuel de Abreu Veloso, Fernando A. |
author_role |
author |
author2 |
Pessôa, Samuel de Abreu Veloso, Fernando A. |
author2_role |
author author |
dc.contributor.unidadefgv.por.fl_str_mv |
Institutos::IBRE |
dc.contributor.author.fl_str_mv |
Ferreira, Pedro Cavalcanti Pessôa, Samuel de Abreu Veloso, Fernando A. |
dc.subject.eng.fl_str_mv |
Latin America Total factor productivity |
topic |
Latin America Total factor productivity Economia Economia |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Economia |
description |
Due to several policy distortions, including import-substitution industrialization, widespread government intervention and both domestic and international competitive barriers, there has been a general presumption that Latin America has been much less productive than the leading economies in the last decades. In this paper we show, however, that until the late seventies Latin American countries had high productivity levels relative to the United States. It is only after the late seventies that we observe a fast decrease of relative TFP in Latin America. We also show that the inclusion of human capital in the production function makes a crucial difference in the TFP calculations for Latin America. |
publishDate |
2012 |
dc.date.issued.fl_str_mv |
2012-04 |
dc.date.accessioned.fl_str_mv |
2014-05-30T13:50:08Z |
dc.date.available.fl_str_mv |
2014-05-30T13:50:08Z |
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info:eu-repo/semantics/article |
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article |
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http://hdl.handle.net/10438/11798 |
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http://hdl.handle.net/10438/11798 |
dc.language.iso.fl_str_mv |
eng |
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eng |
dc.relation.ispartofseries.por.fl_str_mv |
Texto para Discussão |
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info:eu-repo/semantics/openAccess |
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openAccess |
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