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Investment-Specific Productivity Growth - Chile in a Global Perspective
Mr.Gabriel Di BellaMr.Martin Cerisola
出版International Monetary Fund, 2009-12-01
主題Business & Economics / Production & Operations ManagementBusiness & Economics / Economics / MacroeconomicsBusiness & Economics / Public Finance
ISBN145187409X9781451874099
URLhttp://books.google.com.hk/books?id=VIQYEAAAQBAJ&hl=&source=gbs_api
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註釋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.