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- W2059151152 abstract "Purpose – The economic performance of Uruguay in the last 50 years has been disappointing. Annual growth in labor productivity has been lower than the rest of the Latin American economies and well below that East Asian and OECD countries. Out of the 0.9 percent of annual growth in productivity, total factor productivity (TFP) accounts for around 45 percent, which confirms the key role TFP plays in economic growth. The paper aims to discuss the issues.Design/methodology/approach – The authors decompose the change in productivity into four sources: an utilization effect, a reallocation effect, a markup effect, and effect of technical change.Findings – In the 1985‐1994 period, there is an appreciable increase in productivity levels. On the other hand, the 1995‐1999 period productivity increased by a mere 0.8 percent per year. The high increase in productivity between 1985 and 1994 is explained by the relatively high and sustained technical change of Uruguayan firms as well as the relocation of inputs between..." @default.
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- W2059151152 date "2007-05-01" @default.
- W2059151152 modified "2023-09-26" @default.
- W2059151152 title "Long‐run growth and productivity changes in Uruguay" @default.
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- W2059151152 doi "https://doi.org/10.1108/14468950710843389" @default.
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