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Book/Printed Material Microeconomic flexibility in Latin America

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Title

  • Microeconomic flexibility in Latin America

Summary

  • "We characterize the degree of microeconomic inflexibility in several Latin American economies and find that Brazil, Chile and Colombia are more flexible than Mexico and Venezuela. The difference in flexibility among these economies is mainly explained by the behavior of large establishments, which adjust more promptly in the more flexible economies, especially when accumulated shocks are substantial. We also study the path of flexibility in Chile and show that it declined in the aftermath of the Asian crisis. This decline can account for a substantial fraction of the large decline in TFP-growth in Chile since 1997 (from 3.1 percent per year for the preceding decade, to about 0.3 percent after that). Moreover, if it were to persist, it could permanently shave off almost half of a percent from Chile's structural rate of growth"--National Bureau of Economic Research web site.

Names

  • Caballero, Ricardo J.
  • Engel, Eduardo
  • Micco, Alejandro
  • National Bureau of Economic Research

Created / Published

  • Cambridge, MA : National Bureau of Economic Research, c2004.

Headings

  • -  Industrial productivity--Chile
  • -  Latin America--Economic conditions

Notes

  • -  Title from PDF file as viewed on 1/14/2005.
  • -  Includes bibliographical references.
  • -  Also available in print.
  • -  Mode of access: World Wide Web.
  • -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

  • HB1

Digital Id

Library of Congress Control Number

  • 2005615716

Access Advisory

  • Unrestricted online access

Online Format

  • image
  • pdf

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Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

Caballero, Ricardo J, Eduardo Engel, Alejandro Micco, and National Bureau Of Economic Research. Microeconomic flexibility in Latin America. Cambridge, MA: National Bureau of Economic Research, 2004. Pdf. https://www.loc.gov/item/2005615716/.

APA citation style:

Caballero, R. J., Engel, E., Micco, A. & National Bureau Of Economic Research. (2004) Microeconomic flexibility in Latin America. Cambridge, MA: National Bureau of Economic Research. [Pdf] Retrieved from the Library of Congress, https://www.loc.gov/item/2005615716/.

MLA citation style:

Caballero, Ricardo J, et al. Microeconomic flexibility in Latin America. Cambridge, MA: National Bureau of Economic Research, 2004. Pdf. Retrieved from the Library of Congress, <www.loc.gov/item/2005615716/>.