The per capita growth rate of Chile from 1984 to 1997 was among the highest in the world. During recent years, however, per capita growth dropped significantly. This paper discusses the role of factor accumulation and the efficiency with which factors are used, measured as total factor...

La evidencia empírica reciente muestra que la dinámica de productividad de las plantas industriales es relevante para explicar el crecimiento económico. La entrada y salida de plantas y la reasignación de factores desde plantas menos eficientes hacia plantas más eficientes explica una parte...

This paper explores how developmental and regulatory impediments to resource reallocation limit the ability of developing countries to adopt new technologies. An efficient economy innovates quickly; but when the economy is unable to redeploy resources away from inefficient uses, technological...