The labor productivity in Latin America
DOI:
https://doi.org/10.51378/eca.v73i754.3169Keywords:
Gender, Self-employment, Education, Economic liberalizationAbstract
The objective of this study is to identify the variables that determine labor productivity in Latin American countries. The empirical approach consists of estimating cointegration equations using the method developed by Phillips and Hansen (1990), based on cross-sectional data on productivity from 16 Latin American countries, as well as indicators of educational quality, gender, and the labor market. The results indicate that the quality of education, gender equality, and the Human Opportunity Index have positive impacts on productivity, while inequality, precarious employment, and remittances have negative impacts. It is concluded that it is necessary to increase tax revenue in the countries of the region with a view to improving the quality of education and expanding social services as means to increase labor productivity.
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