Papers on "Inflation and Total Factor Productivity" and similar term paper topics

Paper #093497 :: Inflation and Total Factor Productivity
Buy and instantly download this paper now

A study on the relationship between inflation and total factor productivity (TFP) in Argentina and Mexico.

Written in 2007; 3,164 words; 13 sources; MLA; $ 91.95

Paper Summary:

The paper discusses how when Argentina goes through a financial crisis the total factor productivity (TFP) drops. However when Mexico goes through a financial crisis, the TFP drops but not as drastically. The paper researches the major theories that help to explain why the TFP in Argentina drops, while it does not in Mexico when a similar set of circumstances is applied. The paper reviews available literature and looks at the capital utilization model and the neoclassical growth theory. The paper concludes that the research supports the thesis that TFP and inflation do not have a causal relationship, but that they do follow similar trends in relation to fiscal policies.

Outline:
Literature Review and Analysis
The Capital Utilization Model
Neoclassical Growth Theory
Probable Causes of Failure
Solutions to Reducing Inflation
Is Dollarization Really the Answer

From the Paper:

"The Tequila Crisis in Mexico was one example where this exact effect was observed to have happened. As inflation rates rose, the opportunity cost of capital rose quickly as well. At the same time TFP drops below the trend (Quintin). Therefore Quentin and Edwin concluded that the TFP drop was due to a drop in capital utilization. When these authors applied this concept to models with homogeneous capital, using electricity as the key indicator or capital utilization, it accounted for almost 1/3 of Mexico's drop in TFP. When applying the measure with heterogeneous capital it tends to predict energy consumption more accurately (Quintin). This study concluded that unproductive capital remained unused. This left more resources to be devoted to more productive physical capital, according to Quintin."

Tags: Latin-America economics capital utilization

More papers on "Inflation and Total Factor Productivity"

1. Paper #045703 :: Total Quality and the Gerber Products Company ( 1,462 words; 7 sources; APA )
2. Paper #040892 :: The Objective of Central Banks: Inflation Control ( 3,150 words; 8 sources; )
3. Paper #090020 :: Gasoline Prices and Inflation ( 1,125 words; 5 sources; )
4. Paper #096225 :: Inflation and Deflation ( 1,469 words; 6 sources; MLA )
5. Paper #100685 :: Inflation ( 881 words; 3 sources; MLA )

About AcaDemon

We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper, you download are top-quality, competitively priced and high-level work.

Look for more research papers, essays and book reports on Inflation and Total Factor Productivity

This Free Term Paper Abstract is a part of our Term Paper Library. Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "Inflation and Total Factor Productivity", Essays on "Inflation and Total Factor Productivity", Research papers on "Inflation and Total Factor Productivity", Student papers on "Inflation and Total Factor Productivity", Book reports on "Inflation and Total Factor Productivity", Dissertation on "Inflation and Total Factor Productivity", Thesis on "Inflation and Total Factor Productivity", Summary of paper on "Inflation and Total Factor Productivity", Articles written on "Inflation and Total Factor Productivity".