Distortions in the investment goods sector and productivity decline

dc.contributor.affiliation	FGV
dc.contributor.author	Ferreira, Pedro Cavalcanti
dc.contributor.author	Pessôa, Samuel de Abreu
dc.contributor.author	Veloso, Fernando A.
dc.contributor.unidadefgv	Escolas::EPGE	por
dc.date.accessioned	2014-08-14T20:47:44Z
dc.date.available	2014-08-14T20:47:44Z
dc.date.issued	2014-08-14
dc.description.abstract	We study the impact of distortions in the investment goods sector on aggregate total factor productivity (TFP). We develop a two-sector neo-classical growth model in which TFP in the capital goods sector relative to TFP in the consumption sector is inversely related to the price of investment relative to consumption, so that we use relative prices to measure TFP in the investment goods sector. The model is calibrated to Brazil and we nd that distortions in the investment goods sector may explain most of the decline in Brazilian TFP relative to the United States since the mid-1970s.	eng
dc.identifier.issn	0104-8910
dc.identifier.uri	https://hdl.handle.net/10438/11921
dc.language.iso	eng
dc.publisher	Fundação Getulio Vargas. Escola de Pós-graduação em Economia	por
dc.relation.ispartofseries	Ensaios Econômicos;755	por
dc.subject.area	Economia	por
dc.subject.bibliodata	Economia	por
dc.subject.bibliodata	Investimentos	por
dc.title	Distortions in the investment goods sector and productivity decline	eng
dc.type	Working Paper	eng

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