The Age of Productivity: Transforming Economies from the Bottom Up

Paperback | March 15, 2010

byInter-American Development Bank

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A look at how the low productivity in Latin America and the Caribbean is preventing the region from catching up with the developed world. The authors look beyond the traditional macro explanations and dig all the way down to the industry and firm level to uncover the causes. The book examines productivity growth by focusing on the extreme heterogeneity of sectors and firms, emphasizing the importance of policies that allow firms to thrive and expand.  The book zeros in on the critical services sectors, particularly those, such as transportation and retail, with important repercussions on the rest of the economy. It challenges the argument that the region is condemned to stagnation and examines a number of policy levers that can transform its economies.

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A look at how the low productivity in Latin America and the Caribbean is preventing the region from catching up with the developed world. The authors look beyond the traditional macro explanations and dig all the way down to the industry and firm level to uncover the causes. The book examines productivity growth by focusing on the extr...

The Inter-American Development Bank (IDB) is an international institution created in 1959 to foster economic and social development in Latin America and the Caribbean. The IDB produces over 100 publications per year—books, working papers, occasional papers, policy briefs, and technical notes—several of which are used as textbooks in u...

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Format:PaperbackDimensions:368 pages, 9.67 × 6.1 × 0.76 inPublished:March 15, 2010Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230623522

ISBN - 13:9780230623521

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Table of Contents

Latin America’s Productivity Problem * Aggregate and Sector-based Productivity Analysis--E. Fernández-Arias * The Role of Firm Entry, Exit and Resource Allocation in Explaining Productivity--C. Pagés * Productivity Dynamics: The Role of Innovation--J. Navarro and J. Llisterri * The Role of Market and Policy Failures in Explaining Latin America Productivity Problem * Uninsured Risk and Social Protection Policies--H. Ñopo * Tax Policy--A. Chong * Financial Market Failures and Policies--A. Galindo * Macroeconomic Instability and Macroeconomic Policies--A. Izquierdo and E. Cavallo * Product Market Competition Policies--M. Mesquita * Innovation Policies--J. Navarro and J. Llisterri * Industrial Policies--E. Fernández-Arias * SME policies--P. Ibarrán and A. Maffioli * Unlocking Productivity Growth * The Political Economy of Productivity--C. Scartascini and M. Tomassi * How to Unlock Productivity Growth in the Region

Editorial Reviews

“In recent years the literature on the economics of growth has benefited greatly from the recognition that growth happens firm by firm, idea by idea, even individual by individual. This impressive volume, published by the Inter-American Development Bank, is evidence that the same spirit has began to animate the policy community."--Abhijit V. Banerjee, Department of Economics, M.I.T. “By looking at the policy challenges faced by Latin America through the lens of productivity, this report provides a fresh view on topics as diverse as factor markets, trade, social policy, taxation, and industrial policy.”--Eduardo Engel, Professor of Economics, Yale University “Increasingly, we have learned by building up from firm level evidence that it is the misallocation of resources within industries that plays a critical role in the poor productivity performance of low-income and slow growing economies.   Distortions to the size distribution of firms as well as to the relationship between firm productivity and firm size pervade poorly performing economies.  This book sheds rich new light on these issues for Latin American and Caribbean economies and even more importantly explores the sources of such misallocation in terms of market structure, institutions and economic policies.”--John Haltiwanger, Professor of Economics, University of Maryland