000 00741nam a2200145Ia 4500
005 20260716044002.0
080 _a03.02.03 R436
100 _aRestuccia, Diego
245 _aThe Latin American development problem
260 _bUN ECLAC
_aCL
_c2009
300 _a37 p.
520 _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.
583 _c6/27/11
_kEVELYND
942 _cM
_mR436
999 _c58181
_d58181