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Understanding the income and efficiency gap in Latin America and the Caribbean için kapak resmi
Başlık:
Understanding the income and efficiency gap in Latin America and the Caribbean
Yazar:
Thompson Araujo, Jorge, editor.
ISBN:
9781464804502

9781464804519
Fiziksel Tanımlama:
xxii, 231 pages : illustrations ; 25 cm.
Seri:
Directions in development
İçerik:
Acknowledgments -- Executive summary -- Overview / Jorge Thompson Araujo, Ekaterina Vostroknutova, Konstantin M. Wacker, and Mateo Clavijo -- The Latin American efficiency gap -- Reconciling micro- and macro-based estimates of technology adoption lags in a model of endogenous technology adoption / Maya Eden and Ha Nguyen -- Structural change in Latin America : does the allocation of resources across sectors, products, and technologies explain the region's slow productivity growth? / Marc Schiffbauer, Hania Sahnoun, and Jorge Thompson Araujo -- Productivity convergence at firm level : new evidence from Americas / J.David Brown , Gustavo A. Crespi , Leonardo Iacovone A & Luca Marcolin -- Institutions and return to firms' innovation with a focus in Latin America / Ha Nguyen and Patricio A. Jaramillo -- Convergence, poverty, and macroeconomic volatility : a Latin American perspective / Konstantin M. Wacker -- List of boxes -- Table of figures.
Özet:
he countries of the Latin America and Caribbean region (LAC), like other emerging economies, have benefited from a decade of remarkable growth and some income per capita convergence towards the United States and other industrialized countries. However, even nearly ten years of solid growth in the first decade of the 21st century could not guarantee that LAC would move on to a sustained long-term income convergence path. In fact, despite this recent progress, LAC still faces a significant per capita income gap with the developed world. The papers in this volume contribute to the ongoing debate on the reasons for this persistent income gap and the potential drivers of convergence, and propose some broad avenues for reform. This volume presents new macro-, sectoral-, and micro-level evidence that: (i) differences in total factor productivity (TFP), or efficiency in using the production factors, such as physical and human capital, explain a large part of LAC's persistent income gap; and (ii) resource misallocation is the main factor behind LAC's large efficiency gap. At the same time, the findings of this volume indicate there is significant room for further economic growth gains from technology adoption and innovation more broadly. In fact, the quality of the available technology in LAC is low, and there is very little innovation. Although firms can use innovation to reach productivity at the global productivity frontier, weak institutions reduce incentives to innovate. This volume also proposes that the main priorities for improving resource allocation and the incentives to innovate include: (i) enhancing market competition in key network industries (transport, financial, telecommunications, logistics, communication and distribution services); (ii) increasing labor market flexibility (including skill-mismatches and social barriers); (iii) removing informational frictions (including complex tax regimes and credit rationing); (iv) strengthening property rights; and (v) improving the rule of law.
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Yer Numarası
Durumu / Lokasyon / İade Tarihi
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Kitap EKOBKN0005406 339.2098 UND 2016
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