Investment-Specific Productivity Growth: Chile from a Global Perspective

Authors

  • C. Di Bella
  • Martín Cerisola

Abstract

By the end of 2007, Chile’s total factor productivity was lower than ten years earlier, a performance that contrasted sharply with the previous decade, when productivity grew by a cumulative 30 percent. This paper assesses productivity trends in Chile, by decomposing productivity into investment-specific technological change (associated with improvements in the quality of capital) and neutral technological change (related to the organization of productive activities). It concludes that investment-specific technological improvements have contributed significantly to long-term growth in Chile, in line with trends observed in other net commodity exporters, while neutral technological change has been slow.

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Published

28-04-2011

How to Cite

Bella , C. D. ., & Cerisola, M. . (2011). Investment-Specific Productivity Growth: Chile from a Global Perspective. ECONOMÍA CHILENA, 14(1), 05–24. Retrieved from http://xn--economachilena-5lb.cl/index.php/economiachilena/article/view/142

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Section

Articles