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Productivity Measures for the Colombian Manufacturing Industry

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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
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    References listed on IDEAS

    as
    1. Amit Gandhi & Salvador Navarro & David Rivers, 2011. "On the Identification of Production Functions: How Heterogeneous is Productivity?," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20119, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    2. James Levinsohn & Amil Petrin, 2003. "Estimating Production Functions Using Inputs to Control for Unobservables," Review of Economic Studies, Oxford University Press, 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 - CEDE, May.
    4. Juan Esteban Carranza & Stefany Moreno, 2013. "Tamaño y estructura vertical de la cadena de producción industrial colombiana desde 1990," BORRADORES DE ECONOMIA 010416, BANCO DE LA REPÚBLICA.
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    Cited by:

    1. Casas, Camila & Diez, Federico J. & Gonzalez, Alejandra, 2017. "Heterogeneous exporters: quantitative differences and qualitative similarities," Working Papers 16-26, Federal Reserve Bank of Boston.
    2. Juan Esteban Carranza & Alejandra González-Ramírez & Alex Pérez, 2018. "The Quality and the Destination of the Colombian Manufacturing Exports," Borradores de Economia 1033, Banco de la Republica de Colombia.
    3. repec:col:000107:016950 is not listed on IDEAS
    4. repec:bdr:ensayo:y:2018:i:87:p:1-69 is not listed on IDEAS

    More about this item

    Keywords

    Total factor productivity; production function; manufacturing industry;

    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

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