Revista de Economía del Caribe, NO. 26: JUL-DIC 2020

Tamaño de la letra:  Pequeña  Mediana  Grande

Growth Accounting in the Dominican Republic 1990-2018: New Evidence

Martin Grandes Kerlleñevich, Franco Frizzera

Resumen


This paper uses fresh data from the Conference Board Total Economy databases to account for the Dominican Republic´s sources of long-run growth in 1990-2018. We adjust for the effects of real business cycles by calculating GDP growth between cyclical maximums and for the quality of production factors and the distinction between ICT capital and NON-ICT capital investment. We find the main factors that explain the GDP rate of growth are, in the order: 1) The Non-ICT Capital, 2) The Labor Quantity, 3) The Total Factor Productivity, followed to a less extent by, the ICT Capital and Labor quality contributions. Indeed, the Total Factor Productivity explains about 10% or less of the total growth on average. This is consistent with the timing and sequencing of structural reforms implemented in Dominican Republic and the recent investments in the most productive sectors.


Palabras Clave / Keywords

Economic Growth, Dominican Republic, Growth Accounting, ICT Capital, Total Factor Productivity.

Tipo de Artículo

Artículo de investigación científica y tecnológica

Texto completo: PDF

Refbacks

  • No hay Refbacks actualmente.


Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.