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Productivity in Colombia: Looking at the main stylized facts and some new hypotheses

Author

Listed:
  • Mauricio Santa María
  • Jesús Prlando Gracia F.

Abstract

“La productividad total de los factores (PTF) es la fuente más importante de crecimiento para un país. La PTF en América Latina y en Colombia se redujo en las décadas de los anos 80s y 90s, lo cual explica el pobre desempeno en materia de crecimiento económico de la región. Este documento revisa los estudios que explican las causas de esto y presenta evidencia nueva relacionada con los efectos del mercado de trabajo y las actividades de innovación en el comportamiento de la PTF para el caso colombiano. Con base en series de tiempo, este documento muestra que una reducción en los costos de contratación y despido tuvo un impacto positivo en la PTF. Finalmente, utilizando un ejercicio de panel data con in formación sectorial de la manufactura se encuentra que los crecientes beneficios laborales debilitan los incentivos para innovar. Otros determinantes de la PTF también son analizados, incluyendo violencia y capital humano.”

Suggested Citation

  • Mauricio Santa María & Jesús Prlando Gracia F., 2007. "Productivity in Colombia: Looking at the main stylized facts and some new hypotheses," Coyuntura Económica, Fedesarrollo, June.
    • Handle: RePEc:col:000438:013347
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    File URL: http://hdl.handle.net/11445/2092
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    References listed on IDEAS

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    1. Jorge Iván RODRIGUEZ MUNOZ & Juan Ricardo PERILLA JIMENEZ & José Daniel REYES PEÑA, 2004. "Cálculo del PIB Potencial en Colombia.:1970-2003," Archivos de Economía 2078, Departamento Nacional de Planeación.
    2. Levine, Ross & Renelt, David, 1992. "A Sensitivity Analysis of Cross-Country Growth Regressions," American Economic Review, American Economic Association, vol. 82(4), pages 942-963, September.
    3. Eslava, Marcela & Haltiwanger, John & Kugler, Adriana & Kugler, Maurice, 2004. "The effects of structural reforms on productivity and profitability enhancing reallocation: evidence from Colombia," Journal of Development Economics, Elsevier, vol. 75(2), pages 333-371, December.
    4. Eslava, Marcela & Haltiwanger, John & Kugler, Adriana & Kugler, Maurice, 2004. "The effects of structural reforms on productivity and profitabality enhancing reallocation: evidence from Colombia," Discussion Paper Series In Economics And Econometrics 0408, Economics Division, School of Social Sciences, University of Southampton.
    5. Hopenhayn, Hugo & Rogerson, Richard, 1993. "Job Turnover and Policy Evaluation: A General Equilibrium Analysis," Journal of Political Economy, University of Chicago Press, vol. 101(5), pages 915-938, October.
    6. Charles R. Hulten, 2000. "Total Factor Productivity: A Short Biography," NBER Working Papers 7471, National Bureau of Economic Research, Inc.
    7. Marcela Meléndez & Katja Seim & Pablo Medina, 2003. "Productivity Dynamics Of The Colombian Manufacturing Sector," Documentos CEDE 3390, Universidad de los Andes, Facultad de Economía, CEDE.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Arias, Omar & Blom, Andreas & Bosch, Mariano & Cunningham, Wendy & Fiszbein, Ariel & Lopez Acevedo, Gladys & Maloney, William & Saavedra, Jaime & Sanchez-Paramo, Carolina & Santamaria, Mauricio & Siga, 2005. "Pending issues in protection, productivity growth, and poverty reduction," Policy Research Working Paper Series 3799, The World Bank.

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    More about this item

    Keywords

    Informes de Investigación; Productividad Total de los Factores; Productividad del Trabajo; Crecimiento Económico; Reforma Laboral; América Latina; Industria Manufacturera;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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