Structural transformation and sectoral productivity in Costa Rica

Authors

DOI:

https://doi.org/10.15359/eys.24-55.4

Keywords:

productivity, structural transformations, sectoral productivity

Abstract

This paper documents the structural transformation process in Costa Rica during the 1950s and the subsequent six decades. It is widely documented that countries that grow in terms of income see employment shift away from the agricultural sector to the manufacturing and services sector. This same pattern can be observed in Costa Rica. However, this process has some peculiarities that will be discussed here. The paper presents counterfactual exercises using the Duarte & Restuccia (2010) model, calibrated with Costa Rican and American data.

Author Biographies

Alonso Alfaro Ureña, Banco Central de Costa Rica (BCCR)

Ph.D. en Economía. Investigador del Departamento de Investigación Económica del Banco Central de Costa Rica (BCCR), Costa Rica. Profesor, Escuela de Economía, Universidad de Costa Rica (UCR), Costa Rica.

Alberto Vindas Quesada

Máster en Economía. Investigador del Departamento de Investigación Económica del Banco Central de Costa Rica (BCCR), Costa Rica.

References

Abarca, A & Ramírez, S. (2016). Estudio del crecimiento económico costarricense, 1960-2014. Observatorio del Desarrollo, Universidad de Costa Rica. Recuperado de http://www.odd.ucr.ac.cr/sites/default/files/Documents/Crecimiento-Economico/Estudio-del-Crecimiento-Economico.pdf

Heston, A., Summers, R. & Aten, B. (2012). Penn World Table version 7.1. Center for international comparisons of production, income and prices at the University of Pennsylvania. Recuperado de https://www.rug.nl/ggdc/productivity/pwt/pwt-releases/pwt-7.1

Comin, D., Lashkari, D., & Mestieri, M. (2015). Structural change with long run income and price effects. Technical report. Recuperado de https://www.nber.org/papers/w21595

Duarte, M. & Restuccia, D. (2007). The structural transformation and aggregate productivity in Portugal. Portuguese Economic Journal, 6(1), 23–46.

Duarte, M. & Restuccia, D. (2010). The role of the structural transformation in aggregate productivity. The Quarterly Journal of Economics, 125(1), 129–173.

Feenstra, Robert C., Incklaar, R. & Timmer, M. P. (2013). The next generation of the Penn World Table. Recuperado de www.ggdc.net/pwt.

Klenow, P. & Rodríguez-Clare, A. (1997). The Neoclassical Revival in Growth Economics: Has It Gone Too Far? In NBER Macroeconomics Annual 1997 (Volume 12, NBER Chapters, pp. 73–114). National Bureau of Economic Research, Inc. Recuperado de https://www.nber.org/chapters/c11037

McMillan, M. S. & Rodrik, D. (2011). Globalization, Structural Change and Productivity Growth. NBER Working Papers 17143, National Bureau of Economic Research, Inc. Recuperado de https://www.nber.org/papers/w17143.pdf

Ngai, L. R. & Pissarides, C. A. (2007). Structural change in a multisector model of growth. The American Economic Review, 97(1), 429–443. Recuperado de http://personal.lse.ac.uk/ngai/np.pdf

O’Mahony, M. & Timmer, M. P. (2009). Output, input and productivity measures at the industry level: The EU KLEMS Database. The Economic Journal, 119(538), F374–F403. Recuperado de https://onlinelibrary.wiley.com/doi/10.1111/j.1468-0297.2009.02280.x

Organization for Economic Co-operation and Development. (2018). OECD Economic Survey of Costa Rica: Research Findings on Productivity, OECD Publishing, Paris.

Robles, E. (2018). Análisis del crecimiento de la productividad en Costa Rica, 2001-2015. Mimeo, Universidad de Costa Rica.

Mulder, N., Patiño-Pascumal, I. & Monge-González, R. (2016). Análisis del crecimiento de la productividad en Costa Rica, 2001-2015. Estado de la Nación. Recuperado de https://estadonacion.or.cr/files/biblioteca_virtual/022/Oportunidades/Mulder_et_al_2016.pdf

Rodríguez-Clare, A., Sáenz, M., & Trejos, A. (2003). Análisis del crecimiento en Costa Rica. Serie Estudios Económicos y Sectoriales, RE2-03-001, IADB.

Rogerson, R. (2008). Structural transformation and the deterioration of european labor market outcomes. Journal of Political Economy, 116(2), 235–259. doi: https://doi.org/10.1086/588029

The Conference Board. (2014). Total economy database. Recuperado de http://www.conferenceboard.org/data/economydatabase/

Timmer, M., de Vries, G., & de Vries, K. (2014). Patterns of structural change in developing countries. GGDC Research Memorandum 149. Recuperado de http://www.ggdc.net/publications/memorandum/gd149.pdf

Published

03/13/2019

How to Cite

Structural transformation and sectoral productivity in Costa Rica. (2019). Economía Y Sociedad, 24(55), 53-77. https://doi.org/10.15359/eys.24-55.4

Issue

Section

Articles (Arbitrated section)

How to Cite

Structural transformation and sectoral productivity in Costa Rica. (2019). Economía Y Sociedad, 24(55), 53-77. https://doi.org/10.15359/eys.24-55.4

Comentarios (ver términos de uso)

Similar Articles

You may also start an advanced similarity search for this article.

Most read articles by the same author(s)

1 2 3 4 5 6 7 8 9 10 > >>