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Determinantes de los cambios en la productividad total de los factores en Venezuela

Author

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  • ADRIANA ARREAZA COLL

    ()

  • LUIS ENRIQUE PEDAUGA

    ()

Abstract

En este trabajo se estudian los factores que determinan el crecimiento en Venezuela desde el punto de vista de la acumulación de factores y de la productividad. Se hicieron varios ejercicios de contabilidad de crecimiento que sugieren que la reversión del crecimiento a partir de fi nales de los setenta pareciera estar explicada tanto por una desacumulación de capital como por una caída en la productividad total de los factores (PTF), y que la contribución relativa de los mismos ha variado entre décadas. La PTF pareciera haberse reducido y estancado a partir de los años ochenta, luego de un crecimiento sostenido en las tres décadas anteriores. Para explicar la dinámica de la PTF se realizó un análisis econométrico. Los resultados sugieren que una mayor probabilidad de cambios en las políticas públicas, más participación de los no transables en el producto y un mayor uso del trabajo con relación al capital en la producción parecen tener un impacto negativo y robusto sobre la PTF, particularmente en la del sector no petrolero.

Suggested Citation

  • Adriana Arreaza Coll & Luis Enrique Pedauga, 2007. "Determinantes de los cambios en la productividad total de los factores en Venezuela," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 25(53), pages 120-167, January.
  • Handle: RePEc:bdr:ensayo:v:25:y:2007:i:53:p:120-167
    DOI: 10.32468/Espe.5303
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    References listed on IDEAS

    as
    1. Witold J. Henisz, 2002. "The institutional environment for infrastructure investment," Industrial and Corporate Change, Oxford University Press, vol. 11(2), pages 355-389.
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    Cited by:

    1. Betty Agnani & Amaia Iza, 2011. "Growth in an oil abundant economy: The case of Venezuela," Journal of Applied Economics, Universidad del CEMA, vol. 14, pages 61-79, May.

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    More about this item

    Keywords

    crecimiento; productividad total de los factores; acumulación de capital; instituciones.;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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