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Produtividade Agregada Brasileira (1970-2000): Declínio Robusto E Fraca Recuperação

  • Pedro Cavalcanti Ferreira
  • Roberto Ellery Jr
  • Victor Gomes

This study explores the productivity performance of the Brazilian economy between 1970 and 1998. We assess how much of the TFP downfall can be explained by some departures from the standard procedure. We incorporate to the standard measure utilization of capacity, changes in the workweek of capital, services of capital from electricity consumption, relative prices distortions, human capital, and investment in specific technology. We conclude that the downfall in productivity is quite robust to those specifications. The only case that presents a marked difference from the standard TFP measure occurs when relative prices of capital are corrected. The implications of this finding are a topic for future research.

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File URL: http://www.anpec.org.br/encontro2005/artigos/A05A062.pdf
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Paper provided by ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics] in its series Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting] with number 062.

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Date of creation: 2005
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Handle: RePEc:anp:en2005:062
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