| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10398 |
| 来源ID | Working Paper 10398 |
| Microeconomic Flexibility in Latin America | |
| Ricardo J. Caballlero; Eduardo Engel; Alejandro Micco | |
| 发表日期 | 2004-03-29 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | 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. |
| 主题 | Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w10398 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568027 |
| 推荐引用方式 GB/T 7714 | Ricardo J. Caballlero,Eduardo Engel,Alejandro Micco. Microeconomic Flexibility in Latin America. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10398.pdf（271KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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