IDEAS home Printed from https://ideas.repec.org/p/bdr/borrec/947.html

Productivity Measures for the Colombian Manufacturing Industry

Author

Abstract

In this paper we present estimates for the coefficients of a production function, and the corresponding total factor productivity (TFP) for the Colombian manufacturing industry during 2005{2013. We follow several structural microeconometric techniques to estimate the production function parameters. We compare the estimation results across methodologies, as well as their robustness to changes in our estimation sample, variable definitions, and/or weights used to aggregate the estimated firm-level TFP into an industry-level average TFP. Our results show that, in general, all estimation methodologies result in a similar growth pattern during our sample period. Moreover, the general growth trend is not affected greatly by the additional changes mentioned above. However, the level of productivity (and the estimated TFP growth) does depend on how the production function is estimated

Suggested Citation

  • Camila Casas & Alejandra González, 2016. "Productivity Measures for the Colombian Manufacturing Industry," Borradores de Economia 947, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:947
    DOI: 10.32468/be.947
    as

    Download full text from publisher

    File URL: https://doi.org/10.32468/be.947
    Download Restriction: no
    File URL: https://libkey.io/10.32468/be.947?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. James Levinsohn & Amil Petrin, 2003. "Estimating Production Functions Using Inputs to Control for Unobservables," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(2), pages 317-341.
    3. Meléndez Marcela & Katja Seim, 2006. "La productividad del sector manufacturero colombiano y el impacto de la política comercial: 1977-2001," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE.
    4. Sofronis K. Clerides & Saul Lach & James R. Tybout, 1998. "Is Learning by Exporting Important? Micro-Dynamic Evidence from Colombia, Mexico, and Morocco," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(3), pages 903-947.
    5. Carlos Pombo, 1999. "Productividad industrial en Colombia: Una aplicación de números índices," Revista de Economía del Rosario, Universidad del Rosario.
    6. 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.
    7. Juan Esteban Carranza & Stefany Moreno, 2013. "Tamaño y estructura vertical de la cadena de producción industrial colombiana desde 1990," Borradores de Economia 751, Banco de la Republica de Colombia.
    8. Daniel A. Ackerberg & Kevin Caves & Garth Frazer, 2015. "Identification Properties of Recent Production Function Estimators," Econometrica, Econometric Society, vol. 83, pages 2411-2451, November.
    9. Olley, G Steven & Pakes, Ariel, 1996. "The Dynamics of Productivity in the Telecommunications Equipment Industry," Econometrica, Econometric Society, vol. 64(6), pages 1263-1297, November.
    10. Ackerberg, Daniel & Lanier Benkard, C. & Berry, Steven & Pakes, Ariel, 2007. "Econometric Tools for Analyzing Market Outcomes," Handbook of Econometrics, in: J.J. Heckman & E.E. Leamer (ed.), Handbook of Econometrics, edition 1, volume 6, chapter 63, Elsevier.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Molina, Danielken, 2020. "The China Effect on Colombia’s Manufacturing Labor Market," IDB Publications (Working Papers) 10105, Inter-American Development Bank.
    2. Juan Esteban Carranza & Alejandra González-Ramírez & Alex Perez, 2020. "The quality and the destination of the colombian manufacturing exports," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 29(3), pages 247-271, April.
    3. Camila Casas & Federico J. Diez & Alejandra Gonzalez, 2017. "Heterogeneous exporters: quantitative differences and qualitative similarities," Working Papers 16-26, Federal Reserve Bank of Boston.
    4. Juan Esteban Carranza & Jesús Antonio Bejarano Rojas & Camila Casas & Alejandra Ximena Gonzalez-Ramirez & Stefany Moreno-Burbano & Fernando Arias-Rodríguez & Juan Sebastián Vélez-Velásquez, 2018. "La industria colombiana en el siglo XXI," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, issue 87, pages 1-69, November.
    5. Juan José Echavarría & Iader Giraldo-Salazar & Fernando Jaramillo-Mejía, 2019. "Protección y productividad en la industria colombiana, 1993-2011," Chapters, in: Jorge García-García & Enrique Montes-Uribe & Iader Giraldo-Salazar (ed.), Comercio exterior en Colombia: política, instituciones, costos y resultados, chapter 8, pages 323-343, Banco de la Republica de Colombia.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Camila Casas & Federico J. Diez & Alejandra Gonzalez & Stefany Moreno, 2015. "Productivity and export market participation: evidence from Colombia," Working Papers 14-14, Federal Reserve Bank of Boston.
    2. Newman, Carol & Rand, John & Tarp, Finn, 2023. "Imports, supply chains and firm productivity," World Development, Elsevier, vol. 172(C).
    3. Mahdi Ghodsi, 2020. "Is Austria’s economy locked-in in the CESEE region? Austria’s competitiveness at the micro-level," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(3), pages 669-693, August.
    4. Fernandes, Ana M. & Paunov, Caroline, 2012. "Foreign direct investment in services and manufacturing productivity: Evidence for Chile," Journal of Development Economics, Elsevier, vol. 97(2), pages 305-321.
    5. Jamil, Nida & Chaudhry, Theresa Thompson & Chaudhry, Azam, 2022. "Trading textiles along the new silk route: The impact on Pakistani firms of gaining market access to China," Journal of Development Economics, Elsevier, vol. 158(C).
    6. Bruno Merlevede & Angelos Theodorakopoulos, 2018. "Productivity Effects of Internationalisation Through the Domestic Supply Chain: Evidence from Europe," Working Papers of VIVES - Research Centre for Regional Economics 627689, KU Leuven, Faculty of Economics and Business (FEB), VIVES - Research Centre for Regional Economics.
    7. Massimiliano Calì & Marco Le Moglie & Giorgio Presidente, 2024. "Gain without pain? Non‐tariff measures, plant markup, and productivity," Review of International Economics, Wiley Blackwell, vol. 32(3), pages 1364-1397, August.
    8. Ana M. Fernandes & Alberto E. Isgut, 2015. "Learning-by-Exporting Effects: Are They for Real?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 51(1), pages 65-89, January.
    9. Roberto Álvarez & Aldo Gonzalez, 2020. "Competition, selection, and productivity growth in the Chilean manufacturing industry," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 29(3), pages 877-892.
    10. Mauro Caselli, 2018. "Do all imports matter for productivity? Intermediate inputs vs capital goods," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 35(2), pages 285-311, August.
    11. Manghnani,Ruchita, 2020. "Exports and Productivity : The Role of Imported Inputs and Investment in R&D," Policy Research Working Paper Series 9281, The World Bank.
    12. Mertens, Matthias, 2019. "Micro-mechanisms behind declining labour shares: Market power, production processes, and global competition," IWH-CompNet Discussion Papers 3/2019, Halle Institute for Economic Research (IWH).
    13. Juan José Echavarría & Iader Giraldo-Salazar & Fernando Jaramillo-Mejía, 2019. "Protección y productividad en la industria colombiana, 1993-2011," Chapters, in: Jorge García-García & Enrique Montes-Uribe & Iader Giraldo-Salazar (ed.), Comercio exterior en Colombia: política, instituciones, costos y resultados, chapter 8, pages 323-343, Banco de la Republica de Colombia.
    14. Wolfhard Kaus & Viktor Slavtchev & Markus Zimmermann, 2024. "Intangible capital and productivity: Firm-level evidence from German manufacturing," Oxford Economic Papers, Oxford University Press, vol. 76(4), pages 970-996.
    15. Richard Bräuer & Matthias Mertens & Viktor Slavtchev, 2023. "Import competition and firm productivity: Evidence from German manufacturing," The World Economy, Wiley Blackwell, vol. 46(8), pages 2285-2305, August.
    16. Cali,Massimiliano & Le Moglie,Marco & Presidente,Giorgio, 2021. "Gain without Pain ? Non-Tariff Measures, Plants’ Productivity and Markups," Policy Research Working Paper Series 9654, The World Bank.
    17. Linarello, Andrea, 2018. "Direct and indirect effects of trade liberalization: Evidence from Chile," Journal of Development Economics, Elsevier, vol. 134(C), pages 160-175.
    18. Tsionas, Mike G. & Polemis, Michael L., 2019. "On the estimation of total factor productivity: A novel Bayesian non-parametric approach," European Journal of Operational Research, Elsevier, vol. 277(3), pages 886-902.
    19. Emir Malikov & Shunan Zhao & Subal C. Kumbhakar, 2020. "Estimation of firm‐level productivity in the presence of exports: Evidence from China's manufacturing," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 35(4), pages 457-480, June.
    20. Emmanuel Dhyne & Amil Petrin & Valerie Smeets & Frederic Warzynski, 2024. "Multiproduct Firms, Import Competition and Productivity," CESifo Working Paper Series 11155, CESifo.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdr:borrec:947. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Clorith Angélica Bahos Olivera (email available below). General contact details of provider: https://edirc.repec.org/data/brcgvco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.