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Productividad total de factores del sector construcción en Chile (1986-2015)

Author

Listed:
  • Byron J. Idrovo-Aguirre

    (Gerencia de Estudios Cámara Chilena de la Construcción)

  • Victor Daniel Serey

    (Gerencia de Estudios Cámara Chilena de la Construcción)

Abstract

In this paper, we estimate the Total Factor Productivity (TFP) for the Chilean Construction Sector, considering an annual period between 1986 and 2015. The contribution of the productivity to the sectorial growth is estimated residually, based on a Cobb-Douglas production function for the sectorial GDP and independent measures for capital and labor, corrected by quality and intensity of use. As a result, the sectorial TFP has exhibited a downward trend in the last five years, after remaining virtually flat since 1986 to 2011. The economic growth of the sector shows to be dominated by the accumulation of factors rather than by the efficiency with which they are used in the productive process. This could explain, partially, the vulnerability of sectorial activity to the economic cycle.

Suggested Citation

  • Byron J. Idrovo-Aguirre & Victor Daniel Serey, 2018. "Productividad total de factores del sector construcción en Chile (1986-2015)," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 33(1), pages 29-54, April.
    • Handle: RePEc:ila:anaeco:v:33:y:2018:i:1:p:29-54
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    Cited by:

    1. Segundo Camino‐Mogro & Natalia Bermudez‐Barrezueta, 2021. "Productivity determinants in the construction sector in emerging country: New evidence from Ecuadorian firms," Review of Development Economics, Wiley Blackwell, vol. 25(4), pages 2391-2413, November.

    More about this item

    Keywords

    Productivity; construction; Kalman filter; Chile;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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