Antonio Saravia

Productivity, Structural Change, and Latin American Development

20 March, 2012 - Labor Economics, - Labor Economics, - Macroeconomics, - Macroeconomics, Antonio Saravia, Antonio Saravia, Working Papers, Felix Rioja, Felix Rioja, Working Papers Comments Off on Productivity, Structural Change, and Latin American Development



ABSTRACT: We calibrate a simple neoclassical model of structural transformation to a set of Latin American countries and show that slow growth in agricultural productivity can substantially delay the development process and result in signicant dierences in per capita incomes. Some of our results indicate that low agricultural productivity delayed …

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