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Análisis territorial de las elasticidades de sustitución de los factores de producción en la industria manufacturera colombiana (1992 – 2018)

Author

Listed:
  • Casas Herrera, Julián Augusto
  • Ayala, Jhancarlos Gutiérrez

Abstract

Resumen: El artículo presenta la estimación de las elasticidades propias y de sustitución entre los insumos trabajo, materias primas, capital, gasto energético y otros gastos de producción para el sector industrial manufacturero de Colombia, la región central y el departamento de Boyacá. Las estimaciones se realizaron a través de la aplicación de funciones de costos translogarítmicas con datos para el periodo 1992 - 2018 de la Encuesta Anual Manufacturera (EAM). Dentro de los resultados se destaca el bajo nivel sustitutivo entre capital y trabajo en el escenario nacional, contando con una elasticidad de 0,08%; en el caso del departamento la relación fue complementaria, aumentos de 1% en el precio del capital se relacionan con una reducción promedio de 0,17% en la demanda de trabajo. Estos resultados muestran diferencias en la participación relativa promedio de los factores de producción en el costo total, lo que permite concluir que las dinámicas del sector industrial nacional, regional y del departamento son heterogéneas. Abstract: The article presents the estimation of the price and substitution elasticities of demand between inputs, labor, intermediate material, capital, energy, and other production expenses for the industrial manufacturing sector of Colombia (the central region and the department of Boyacá). The estimates were made through the application of translogarithmic cost functions with data for the period 1992 - 2018 from the Annual Manufacturing Survey. Results show a low substitution level between capital and labor in the national scenario, with an elasticity of 0.08%. In the case of the department of Boyacá, the relationship was complementary; increases of 1% in the price of capital are related to an average reduction of 0.17% in the demand for labor. These results show differences in the average relative participation of the production factors in the total cost, which allows for the conclusion that the dynamics of the national, regional, and department industrial sectors are heterogeneous. Résumé: L’article présente l’estimation des élasticités propres et de substitution entre le travail, les matieres premieres, le capital, l’énergie et les autres dépenses de production pour le secteur de la fabrication industrielle en Colombie, dans la région centrale et le département de Boyacá. Les estimations ont été réalisées par l’application de fonctions de cout translogarithmiques avec des données pour la période 1992 - 2018 provenant de l’enquete annuelle sur les industries manufacturieres. On distingue, parmi les résultats, le faible niveau de substitution entre capital et travail dans le scénario national, avec une élasticité de 0,08% ; dans le cas du département, la relation était complémentaire, des augmentations de 1% du prix du capital sont liées a une réduction moyenne de 0,17% de la demande de travail.

Suggested Citation

  • Casas Herrera, Julián Augusto & Ayala, Jhancarlos Gutiérrez, 2021. "Análisis territorial de las elasticidades de sustitución de los factores de producción en la industria manufacturera colombiana (1992 – 2018)," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue No. 94, pages 233-265, January.
  • Handle: RePEc:col:000174:019600
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    File URL: https://revistas.udea.edu.co/index.php/lecturasdeeconomia/article/view/343836/20804555
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    More about this item

    Keywords

    Industria manufacturera; factores de producción; elasticidades; función translogarítmica; SURE;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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