Determinants of Total Factor Productivity: The cases of the main Latin American and emerging economies of Asia (1960 - 2015)

The objective of this paper was to explain the greater or lesser growth rate of total factor productivity, TFP, in the main East Asian and Latin American economies between 1960 and 2015. We found econometric evidence favorable to this hypothesis: the increase in public consumption expenditures, give...

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Autores:
Gómez, Wilman
Posada, Carlos Esteban
Rhenals, Remberto
Tipo de recurso:
Fecha de publicación:
2018
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
spa
OAI Identifier:
oai:repository.eafit.edu.co:10784/13470
Acceso en línea:
http://hdl.handle.net/10784/13470
Palabra clave:
crecimiento del PIB per cápita
productividad total de los factores
capital físico
capital humano
consumo público
inversión pública
importaciones
cointegración panel.
Rights
License
Acceso abierto
id REPOEAFIT2_e6ff7bd9c2206fc00d7ea836c5294bba
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spelling Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees2019-03-07T17:01:21Z2018-12-012019-03-07T17:01:21Zhttp://hdl.handle.net/10784/13470C33E22E24F43F63The objective of this paper was to explain the greater or lesser growth rate of total factor productivity, TFP, in the main East Asian and Latin American economies between 1960 and 2015. We found econometric evidence favorable to this hypothesis: the increase in public consumption expenditures, given the evolution of other factors, reduces the TFP. Other results of the econometric exercise, those that are related to hypothetical positive effects of public investment and imports on TFP were not as robust or as reliable as we would have expected.El objetivo de este trabajo fue explicar el mayor o menor ritmo de crecimiento de la productividad total de los factores (PTF) en las principales economías del este asiático y latinoamericanas entre 1960 y 2015. Encontramos evidencia econométrica favorable a una hipótesis: el aumento del gasto público de consumo, dada la evolución de otros factores, tiene un efecto negativo sobre la PTF. Otros resultados del ejercicio econométrico, aquellos relativos a hipotéticos efectos positivos de la inversión pública y de las importaciones sobre la PTF, no fueron, unos, tan robustos, ni, otros, tan confiables como hubiésemos esperado.spaUniversidad EAFITEscuela de Economía y FinanzasDeterminants of Total Factor Productivity: The cases of the main Latin American and emerging economies of Asia (1960 - 2015)workingPaperinfo:eu-repo/semantics/workingPaperDocumento de trabajo de investigacióndrafthttp://purl.org/coar/version/c_b1a7d7d4d402bccehttp://purl.org/coar/resource_type/c_8042Acceso abiertohttp://purl.org/coar/access_right/c_abf2crecimiento del PIB per cápitaproductividad total de los factorescapital físicocapital humanoconsumo públicoinversión públicaimportacionescointegración panel.wilman.gomez@udea.edu.coGómez, WilmanPosada, Carlos EstebanRhenals, RembertoLICENSElicense.txtlicense.txttext/plain; charset=utf-82556https://repository.eafit.edu.co/bitstreams/06c144f3-bfc7-4296-b964-a4252d92b3ab/download76025f86b095439b7ac65b367055d40cMD51ORIGINALWP-2019-01-Wilman Gómez.pdfWP-2019-01-Wilman Gómez.pdfapplication/pdf241343673https://repository.eafit.edu.co/bitstreams/df896b25-8f5a-4e43-9856-684540c6c6ca/downloadd6e1ba44268f45efb9030fc47f1d2d2aMD5210784/13470oai:repository.eafit.edu.co:10784/134702024-03-05 14:05:59.03open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv Determinants of Total Factor Productivity: The cases of the main Latin American and emerging economies of Asia (1960 - 2015)
title Determinants of Total Factor Productivity: The cases of the main Latin American and emerging economies of Asia (1960 - 2015)
spellingShingle Determinants of Total Factor Productivity: The cases of the main Latin American and emerging economies of Asia (1960 - 2015)
crecimiento del PIB per cápita
productividad total de los factores
capital físico
capital humano
consumo público
inversión pública
importaciones
cointegración panel.
title_short Determinants of Total Factor Productivity: The cases of the main Latin American and emerging economies of Asia (1960 - 2015)
title_full Determinants of Total Factor Productivity: The cases of the main Latin American and emerging economies of Asia (1960 - 2015)
title_fullStr Determinants of Total Factor Productivity: The cases of the main Latin American and emerging economies of Asia (1960 - 2015)
title_full_unstemmed Determinants of Total Factor Productivity: The cases of the main Latin American and emerging economies of Asia (1960 - 2015)
title_sort Determinants of Total Factor Productivity: The cases of the main Latin American and emerging economies of Asia (1960 - 2015)
dc.creator.fl_str_mv Gómez, Wilman
Posada, Carlos Esteban
Rhenals, Remberto
dc.contributor.eafitauthor.none.fl_str_mv wilman.gomez@udea.edu.co
dc.contributor.author.none.fl_str_mv Gómez, Wilman
Posada, Carlos Esteban
Rhenals, Remberto
dc.subject.keyword.spa.fl_str_mv crecimiento del PIB per cápita
productividad total de los factores
capital físico
capital humano
consumo público
inversión pública
importaciones
cointegración panel.
topic crecimiento del PIB per cápita
productividad total de los factores
capital físico
capital humano
consumo público
inversión pública
importaciones
cointegración panel.
description The objective of this paper was to explain the greater or lesser growth rate of total factor productivity, TFP, in the main East Asian and Latin American economies between 1960 and 2015. We found econometric evidence favorable to this hypothesis: the increase in public consumption expenditures, given the evolution of other factors, reduces the TFP. Other results of the econometric exercise, those that are related to hypothetical positive effects of public investment and imports on TFP were not as robust or as reliable as we would have expected.
publishDate 2018
dc.date.issued.none.fl_str_mv 2018-12-01
dc.date.available.none.fl_str_mv 2019-03-07T17:01:21Z
dc.date.accessioned.none.fl_str_mv 2019-03-07T17:01:21Z
dc.type.eng.fl_str_mv workingPaper
info:eu-repo/semantics/workingPaper
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_b1a7d7d4d402bcce
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_8042
dc.type.local.spa.fl_str_mv Documento de trabajo de investigación
dc.type.hasVersion.eng.fl_str_mv draft
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/13470
dc.identifier.jel.none.fl_str_mv C33
E22
E24
F43
F63
url http://hdl.handle.net/10784/13470
identifier_str_mv C33
E22
E24
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F63
dc.language.iso.eng.fl_str_mv spa
language spa
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.local.spa.fl_str_mv Acceso abierto
rights_invalid_str_mv Acceso abierto
http://purl.org/coar/access_right/c_abf2
dc.coverage.spatial.eng.fl_str_mv Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.publisher.spa.fl_str_mv Universidad EAFIT
dc.publisher.department.spa.fl_str_mv Escuela de Economía y Finanzas
institution Universidad EAFIT
bitstream.url.fl_str_mv https://repository.eafit.edu.co/bitstreams/06c144f3-bfc7-4296-b964-a4252d92b3ab/download
https://repository.eafit.edu.co/bitstreams/df896b25-8f5a-4e43-9856-684540c6c6ca/download
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bitstream.checksumAlgorithm.fl_str_mv MD5
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repository.name.fl_str_mv Repositorio Institucional Universidad EAFIT
repository.mail.fl_str_mv repositorio@eafit.edu.co
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