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Determinantes De Los Cambios En La Productividad Total De Los Factores En Venezuela

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  • ADRIANA ARREAZA COLL

    ()

  • LUIS ENRIQUE PEDAUGA

    ()

Abstract

En este trabajo se estudian los factores que determi-nan el crecimiento en Venezuela desde el punto de vista de la acumulación de factores y de la producti-vidad. Se hicieron varios ejercicios de contabilidad de crecimiento que sugieren que la reversión del crecimiento a partir de fi nales de los setenta pare-ciera 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 expli-car la dinámica de la PTF se realizó un análisis eco-nométrico. Los resultados sugieren que una mayor probabilidad de cambios en las políticas públicas, más participación de los no transables en el produc-to 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," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 25(53), pages 120-167, January.
  • Handle: RePEc:col:000107:004633
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    References listed on IDEAS

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    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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