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





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.

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Volume (Year): 25 (2007)
Issue (Month): 53 (January)
Pages: 120-167

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Handle: RePEc:col:000107:004633
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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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