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Produtividade Agregada Brasileira (1970-2000): declínio robusto e fraca recuperação

  • Ferreira, Pedro Cavalcanti Gomes
  • Ellery Junior, Roberto de Góes
  • Gomes, Victor

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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Paper provided by FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil) in its series Economics Working Papers (Ensaios Economicos da EPGE) with number 594.

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Date of creation: 01 Jul 2005
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Handle: RePEc:fgv:epgewp:594
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