"Measuring productivity in unstable and natural resources dependent economies: Argentina"

ARIEL COREMBERG

Seminario; 6ta Reunion 2012 Seminario SIDPA; 2012

This paper measures  the Source of Growth of Argentina through KLEMS methodology, taking advantage from a of ARKLEMS+LAND database series 3.0 preliminary version updated up to 2010. This database are based on the methodology presented in Coremberg (2009) (2001), including not only ICT and NonICT capital, Labor and Human Capital and Intermediate Inputs but also Natural Resource as Land and Subsoil Assets services contributions to GDP growth.  The paper presents mainly the contents and methodology of ARKLEMS +LAND series and some analytical results on the causes of TFP slowdown during different macroeconomic regimes of last two decades based on the disaggregation of short run from long run productivity effect.  Main findings showed that the Argentine economy could not take advantage in the long run from positive spillovers  and complementarities  from special inputs and  dynamic  sectors in every macroeconomic regime during the last two decades.  According to these diagnose, the paper presents a discussion about  what kind of growth strategies could Argentina  follow and  the different scenarios that the country could   attain   after global financial collapse in order to achieve sustainable growth.