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Total Factor Productivity Estimation in Peru: Primal and Dual Approaches

Author

Listed:
  • Nikita Céspedes

    (BCRP)

  • Nelson Ramirez-Rondán

    (BCRP)

Abstract

In this paper we estimate total factor productivity (TFP) growth for the Peruvian economy using the primal and dual methods for the period 2003-2012. According to the primal method, a procedure that uses the Solow residual as an indicator of productivity, TFP grew at an average annual rate of 1.6%, adjusted for the quality and usage of the factors of production. According to the dual method, a procedure that considers estimations of the marginal productivities of the factors of production, TFP grew at an annual rate of 1.7%.

Suggested Citation

  • Nikita Céspedes & Nelson Ramirez-Rondán, 2014. "Total Factor Productivity Estimation in Peru: Primal and Dual Approaches," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, vol. 37(73), pages 9-39.
    • Handle: RePEc:pcp:pucrev:y:2014:i:73:p:9-39
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    File URL: http://revistas.pucp.edu.pe/index.php/economia/article/view/10082/10519
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    Cited by:

    1. Castillo, Paul & Rojas, Youel, 2014. "Términos de intercambio y productividad total de factores: Evidencia empírica de los mercados emergentes de América latina," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 28, pages 27-46.
    2. Nikita Céspedes & Maria E. Aquije & Alan Sánchez & Rafael Vera-Tudela, 2014. "Productividad y tratados de libre comercio a nivel de empresas en Perú," Working Papers 27, Peruvian Economic Association.
    3. Ruiz, Manuel, 2014. "Elección de los Modos de Exportación: Evidencia de Empresas Peruanas," Working Papers 2014-004, Banco Central de Reserva del Perú.
    4. Debora Reyna & Nikita Céspedes, 2016. "La oferta laboral en Perú," Working Papers 84, Peruvian Economic Association.
    5. Nikita Céspedes & María E. Aquije & Alan Sánchez & Rafael Vera Tudela, 2016. "Productividad sectorial en el Perú: un análisis a nivel de firmas," Chapters of Books, in: Nikita Céspedes & Pablo Lavado & Nelson Ramírez Rondán (ed.), Productividad en el Perú: medición, determinantes e implicancias, edition 1, volume 1, chapter 3, pages 70-92, Fondo Editorial, Universidad del Pacífico.
    6. Ruiz, Edward, 2014. "Elección de los modos de exportación: Evidencia de empresas peruanas," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 28, pages 61-76.

    More about this item

    Keywords

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    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production

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