Latin America: Total factor productivity and its components

This article applies the stochastic-frontier model to examine total factor productivity (tfp) and its components in Latin America between 1960 and 2010. The likelihood-ratio test shows that, for a selection of Latin American countries over the 50 years analysed, the macroeconomic variables of techni...

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Autores principales:	Araujo, Jair Andrade, Feitosa, Débora Gaspar, Silva, Almir Bittencourt da
Formato:	Texto
Lenguaje:	English
Publicado:	2015
Materias:	PRODUCTIVIDAD MEDICION ANALISIS MATEMATICO MODELOS ECONOMETRICOS PRODUCTIVITY MEASUREMENT MATHEMATICAL ANALYSIS ECONOMETRIC MODELS
Acceso en línea:	http://hdl.handle.net/11362/37805
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spelling	oai-11362-378052020-03-06T16:50:27Z Latin America: Total factor productivity and its components Araujo, Jair Andrade Feitosa, Débora Gaspar Silva, Almir Bittencourt da PRODUCTIVIDAD MEDICION ANALISIS MATEMATICO MODELOS ECONOMETRICOS PRODUCTIVITY MEASUREMENT MATHEMATICAL ANALYSIS ECONOMETRIC MODELS This article applies the stochastic-frontier model to examine total factor productivity (tfp) and its components in Latin America between 1960 and 2010. The likelihood-ratio test shows that, for a selection of Latin American countries over the 50 years analysed, the macroeconomic variables of technical inefficiency included in the model generally have a significant effect; and they allow for a better understanding of technical inefficiency throughout the region. The key variables explaining technical inefficiency in the selected countries are public expenditure and the inflation rate; and there is also an inverse relation between technical inefficiency and the extent to which local prices diverge from purchasing power parity. 2015-03-26T13:12:29Z 2015-03-26T13:12:29Z 2014-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/37805 LC/G.2629-P 3 en CEPAL Review CEPAL Review 114 .pdf application/pdf AMERICA LATINA LATIN AMERICA
institution	Cepal
collection	Cepal
language	English
topic	PRODUCTIVIDAD MEDICION ANALISIS MATEMATICO MODELOS ECONOMETRICOS PRODUCTIVITY MEASUREMENT MATHEMATICAL ANALYSIS ECONOMETRIC MODELS
spellingShingle	PRODUCTIVIDAD MEDICION ANALISIS MATEMATICO MODELOS ECONOMETRICOS PRODUCTIVITY MEASUREMENT MATHEMATICAL ANALYSIS ECONOMETRIC MODELS Araujo, Jair Andrade Feitosa, Débora Gaspar Silva, Almir Bittencourt da Latin America: Total factor productivity and its components
description	This article applies the stochastic-frontier model to examine total factor productivity (tfp) and its components in Latin America between 1960 and 2010. The likelihood-ratio test shows that, for a selection of Latin American countries over the 50 years analysed, the macroeconomic variables of technical inefficiency included in the model generally have a significant effect; and they allow for a better understanding of technical inefficiency throughout the region. The key variables explaining technical inefficiency in the selected countries are public expenditure and the inflation rate; and there is also an inverse relation between technical inefficiency and the extent to which local prices diverge from purchasing power parity.
format	Texto
author	Araujo, Jair Andrade Feitosa, Débora Gaspar Silva, Almir Bittencourt da
author_facet	Araujo, Jair Andrade Feitosa, Débora Gaspar Silva, Almir Bittencourt da
author_sort	Araujo, Jair Andrade
title	Latin America: Total factor productivity and its components
title_short	Latin America: Total factor productivity and its components
title_full	Latin America: Total factor productivity and its components
title_fullStr	Latin America: Total factor productivity and its components
title_full_unstemmed	Latin America: Total factor productivity and its components
title_sort	latin america: total factor productivity and its components
publishDate	2015
url	http://hdl.handle.net/11362/37805
work_keys_str_mv	AT araujojairandrade latinamericatotalfactorproductivityanditscomponents AT feitosadeboragaspar latinamericatotalfactorproductivityanditscomponents AT silvaalmirbittencourtda latinamericatotalfactorproductivityanditscomponents
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Latin America: Total factor productivity and its components

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