- 1815-1949 (online)
The OECD Development Centre links OECD members with developing and emerging economies and fosters debate and discussion to seek creative policy solutions to emerging global issues and development challenges. This series of working papers is intended to disseminate the OECD Development Centre’s research findings rapidly among specialists in the field concerned. These papers are generally available in the original English or French, with a summary in the other language.
Development Accounting: Lessons for Latin America
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- Christian Daude1
- Author Affiliations
- 1: OECD, France
- 13 June 2012
- Bibliographic information
This paper presents development accounting exercises in Latin America using novel databases and methods to investigate the robustness of its results. While total factor productivity initially appears to be the most important driver of output per worker gaps in Latin America and the Caribbean, this “fact” is not robust to alternative functional forms, adjustments for the quality of human capital and endogeneity considerations. The paper also highlights the heterogeneity among countries in the region and discusses alternative ways to link macroeconomic benchmarking to policies.
- economic growth, total factor productivity, developing accounting, Latin America
- JEL Classification:
- O11: Economic Development, Innovation, Technological Change, and Growth / Economic Development / Macroeconomic Analyses of Economic Development
- O47: Economic Development, Innovation, Technological Change, and Growth / Economic Growth and Aggregate Productivity / Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence