Firm Innovation and Productivity in Latin America and the Caribbean
by Inter-American Development Bank, Matteo Grazzi, Carlo Pietrobelli · Business
About this book
This volume uses the study of firm dynamics to investigate the factors preventing faster productivity growth in Latin America and the Caribbean, pushing past the limits of traditional macroeconomic analyses. Each chapter is dedicated to an examination of a different factor affecting firm productivity - innovation, ICT usage, on-the-job-training, firm age, access to credit, and international linkages - highlighting the differences in firm characteristics, behaviors, and strategies. By showcasing this remarkable heterogeneity, this collection challenges regional policymakers to look beyond one-size-fits-all solutions and create balanced policy mixes tailored to distinct firm needs. This open book is licensed under a Creative Commons License (CC BY-NC-ND IGO). You can download Firm Innovation and Productivity in Latin America and the Caribbean ebook for free in PDF format (6.1 MB).
Key Insights
- Productivity stagnation in the LAC region is driven by internal firm dynamics rather than just macroeconomic external factors, requiring a microscopic shift in analytical focus.
- Firm heterogeneity—the vast differences in ICT adoption and workforce training—negates the effectiveness of universal economic policies, necessitating niche, data-driven interventions.
- Bridging the 'Credit Gap' and strengthening international linkages are the primary catalysts for transforming stagnant local firms into globally competitive innovative engines.
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