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A Disaggregate Look at Deteriorating Productivity in Chile: Has There Been Structural Change?

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  • Juan Rodrigo Fuentes S.
  • Gonzalo García

Abstract

The recent evolution of productivity has been a puzzle for economists. After a period marked by historic growth (1987-1997), aggregate productivity stagnated (1998-2012). The analysis in this paper focuses on productivity in nine major sectors of the economy to establish tentative hypotheses to try to explain the recent behavior of productivity at the aggregate level. The evidence suggests that it is necessary to deepen the analysis of the labor market and the cost of energy as potential barriers to productivity growth.

Suggested Citation

  • Juan Rodrigo Fuentes S. & Gonzalo García, 2014. "A Disaggregate Look at Deteriorating Productivity in Chile: Has There Been Structural Change?," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 17(1), pages 04-36, April.
    • Handle: RePEc:chb:bcchec:v:17:y:2014:i:1:p:04-36
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    References listed on IDEAS

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    Cited by:

    1. Claudia De La Huerta & Emiliano Luttini, 2017. "The Implications of Exhaustible Resources and Sectoral Composition for Growth Accounting: An Application to Chile," Working Papers Central Bank of Chile 807, Central Bank of Chile.

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