00659nam a2200109Ia 4500080001800000100002100018245004300039260002300082300001000105520041300115583002100528  a03.02.03 R436  aRestuccia, Diego  aThe Latin American development problem  bUN ECLACaCLc2009  a37 p.  aDocuments the basic facts about the development problem in Latin America.  Decomposes GDP per capita to show that low labour productivity (and in particular low TFP (Total Factor Productivity)) is at the core of the problem. Describes a model of TFP and calibrates it to data for the US.  Performs a quantitative analysis of institutions and policy distortions in LA with a discussion of policy implications.  c6/27/11kEVELYND