Micro Efficiency and Aggregate Growth in Chile

Micro Efficiency and Aggregate Growth in Chile

Using plant-level data on Chilean manufacturing firms for the 1980-2001 period, we estimate and characterize disaggregate total factor productivity. We use these estimates to study the microeconomic sources of aggregate efficiency, a fundamental part of aggregate growth. By decomposing productivity...

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Autores principales: BERGOEING,RAPHAEL, REPETTO,ANDREA
Lenguaje:English
Publicado: Instituto de Economía, Pontificia Universidad Católica de Chile 2006
Materias:
Plant Dynamics
Total Factor Productivity
Growth
Chilean Manufacturing
Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212006000100006
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spelling oai:scielo:S0717-682120060001000062006-10-13Micro Efficiency and Aggregate Growth in ChileBERGOEING,RAPHAELREPETTO,ANDREA Plant Dynamics Total Factor Productivity Growth Chilean Manufacturing Using plant-level data on Chilean manufacturing firms for the 1980-2001 period, we estimate and characterize disaggregate total factor productivity. We use these estimates to study the microeconomic sources of aggregate efficiency, a fundamental part of aggregate growth. By decomposing productivity dynamics into production reallocation and within plant efficiency changes, we find that reallocation accounted for almost all of total efficiency gains in Chile during the past few decades. The entry of new, more productive units explains most of these reallocation gains. Within-plant productivity growth contributes positively only during the 1990s, due perhaps to a lag between the implementation of major market oriented structural reforms -mostly undertaken during the late 1970s and early 1980s- and their complete effect on the economy. Our findings suggest that once reforms were consolidated, unbounded within-plant efficiency gains driven by technology adoption and innovation occurredinfo:eu-repo/semantics/openAccessInstituto de Economía, Pontificia Universidad Católica de ChileCuadernos de economía v.43 n.127 20062006-05-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212006000100006en10.4067/S0717-68212006000100006
institution Scielo Chile
collection Scielo Chile
language English
topic Plant Dynamics
Total Factor Productivity
Growth
Chilean Manufacturing
spellingShingle Plant Dynamics
Total Factor Productivity
Growth
Chilean Manufacturing
BERGOEING,RAPHAEL
REPETTO,ANDREA
Micro Efficiency and Aggregate Growth in Chile
description Using plant-level data on Chilean manufacturing firms for the 1980-2001 period, we estimate and characterize disaggregate total factor productivity. We use these estimates to study the microeconomic sources of aggregate efficiency, a fundamental part of aggregate growth. By decomposing productivity dynamics into production reallocation and within plant efficiency changes, we find that reallocation accounted for almost all of total efficiency gains in Chile during the past few decades. The entry of new, more productive units explains most of these reallocation gains. Within-plant productivity growth contributes positively only during the 1990s, due perhaps to a lag between the implementation of major market oriented structural reforms -mostly undertaken during the late 1970s and early 1980s- and their complete effect on the economy. Our findings suggest that once reforms were consolidated, unbounded within-plant efficiency gains driven by technology adoption and innovation occurred
author BERGOEING,RAPHAEL
REPETTO,ANDREA
author_facet BERGOEING,RAPHAEL
REPETTO,ANDREA
author_sort BERGOEING,RAPHAEL
title Micro Efficiency and Aggregate Growth in Chile
title_short Micro Efficiency and Aggregate Growth in Chile
title_full Micro Efficiency and Aggregate Growth in Chile
title_fullStr Micro Efficiency and Aggregate Growth in Chile
title_full_unstemmed Micro Efficiency and Aggregate Growth in Chile
title_sort micro efficiency and aggregate growth in chile
publisher Instituto de Economía, Pontificia Universidad Católica de Chile
publishDate 2006
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212006000100006
work_keys_str_mv AT bergoeingraphael microefficiencyandaggregategrowthinchile
AT repettoandrea microefficiencyandaggregategrowthinchile
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