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Produtividade agregada brasileira (1970-2000): declínio robusto e fraca recuperação


  • Ferreira, Pedro Cavalcanti
  • Ellery Júnior, 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.

Suggested Citation

  • Ferreira, Pedro Cavalcanti & Ellery Júnior, Roberto de Góes & Gomes, Victor, 2005. "Produtividade agregada brasileira (1970-2000): declínio robusto e fraca recuperação," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 594, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
  • Handle: RePEc:fgv:epgewp:594

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    Cited by:

    1. Vladimir Kühl Teles & Caio Cesar Mussolini, 2012. "Infrastructure and productivity in Latin America: is there a relationship in the long run?," Journal of Economic Studies, Emerald Group Publishing, vol. 39(1), pages 44-62, January.
    2. Luna, Ivette & Hiratuka, Celio & Haddad Netto, Elias Youssef, 2016. "Survival of the fittest or does size matter: What are the main drivers of Productivity in Brazil?," MPRA Paper 78208, University Library of Munich, Germany, revised 2016.
    3. repec:sbe:breart:v:30:y:2010:i:1:a:2823 is not listed on IDEAS
    4. Irineu E de Carvalho Filho & Marcello M. Estevão, 2012. "Institutions, Informality, and Wage Flexibility; Evidence From Brazil," IMF Working Papers 12/84, International Monetary Fund.

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    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean


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