000130113 001__ 130113
000130113 005__ 20240731103334.0
000130113 0247_ $$2doi$$a10.3390/economies11050142
000130113 0248_ $$2sideral$$a133578
000130113 037__ $$aART-2023-133578
000130113 041__ $$aeng
000130113 100__ $$aLe Clech, Néstor
000130113 245__ $$aLatin America and the Caribbean’s productivity: the role of pro-market policies, institutions, infrastructure, and natural resource endowments
000130113 260__ $$c2023
000130113 5060_ $$aAccess copy available to the general public$$fUnrestricted
000130113 5203_ $$aThis paper examines the role played by pro-market policies, institutions, natural resources, and infrastructure on the total factor productivity (TFP) of twenty Latin American and Caribbean countries over the period 2000–2018. In estimating the TFP, we use the Färe-Primont index based on DEA. We have verified cointegration and estimated the long-run parameters by the grouped-mean FMOLS estimator. For measuring the impact of institutions, natural resources, and infrastructure, we have used the Productive Capacity Indexes of UNCTAD. We found a positive effect of all these variables on the TFP. Natural resources and energy play the most important role. Followed by information and communication technology and institutions quality. Transport infrastructure has played a minor role. The pro-market policies have been measured by the Fraser Institute indexes. We verified the positive impact of pro-market policies in the area of international trade and financial openness through six different variables. Finally, we considered three areas to measure the impact of domestic regulations and policies; credit, labor and business. We could verify a positive impact of credit and business pro-market policies, but we did not get statistically significant results from the labor regulations index.
000130113 536__ $$9info:eu-repo/grantAgreement/ES/AEI/PID2020-113905GB-I00$$9nfo:eu-repo/grantAgreement/ES/DGA-FEDER/S56-20R
000130113 540__ $$9info:eu-repo/semantics/openAccess$$aby$$uhttp://creativecommons.org/licenses/by/3.0/es/
000130113 592__ $$a0.497$$b2023
000130113 593__ $$aEconomics, Econometrics and Finance (miscellaneous)$$c2023$$dQ2
000130113 593__ $$aDevelopment$$c2023$$dQ2
000130113 594__ $$a4.0$$b2023
000130113 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000130113 700__ $$0(orcid)0000-0002-1215-7916$$aGuevara-Pérez, Juan Carlos$$uUniversidad de Zaragoza
000130113 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000130113 773__ $$g11, 5 (2023), 142 [21 pp.]$$tEconomies$$x2227-7099
000130113 8564_ $$s470821$$uhttps://zaguan.unizar.es/record/130113/files/texto_completo.pdf$$yVersión publicada
000130113 8564_ $$s2641119$$uhttps://zaguan.unizar.es/record/130113/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000130113 909CO $$ooai:zaguan.unizar.es:130113$$particulos$$pdriver
000130113 951__ $$a2024-07-31-09:47:42
000130113 980__ $$aARTICLE