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Title in Portuguese: Latin America: Total factor productivity and its components
Other Titles: América Latina: productividad total de los factores y su descomposición
Title: Latin America: Total factor productivity and its components
Author: Araújo, Jair Andrade de
Feitosa, Débora Gaspar
Silva, Almir Bittencourt da
Keywords: Productivity
Mathematical analysis
Econometric models
Latin America
Issue Date: Dec-2014
Publisher: Revista CEPAL
Citation: ARAÚJO, Jair Andrade de; FEITOSA, Débora Gaspar; SILVA, Almir Bittencourt da. Latin America: Total factor productivity and its components. Revista CEPAL, Santiago do Chile, v. 114, p. 53-70, 2014.
Series/Report no.: 114;
Abstract: 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.
ISSN: 0252-0257
Appears in Collections:DEA - Artigos publicados em revista científica

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