Pablo Astorga|Ame R. Bergés|Valpy FitzGerald
PRODUCTIVITY GROWTH IN LATIN AMERICA OVER THE LONG RUN
School of Advanced Study|University of London|University of Oxford
low pace latin american productivity growth recent decades despite extensive economic reforms yet understood longerrun context factors demographic changes structural shifts investment levels taken fully account oxlad database provides comparable sectoral output workforce series 19002000 six leading economies region first time analysis new dataset shows intersectoral resource reallocation reduced aggregate productivity growth three periods total factor productivity growth low throughout century even negative closing three decades thus factor accumulationinvestment fixed capital skilled laborwas main source productivity growth latin america twentieth century