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Apertura y Productividad Total de los Factores: Análisis de la contemporaneidad en los quiebres estructurales para América Latina y el Caribe
[Openness and Total Factor Productivity: Test of Temporal Coincidence of the Structural Breaks for Latin America and the Caribbean]

Author

Listed:
  • Gonzalez, German Hector
  • Delbianco, Fernando Andres

Abstract

We study the existence of structural break in TFP and in several indicators of openness for a sample of 20 Latin American and Caribbean economies for the period 1960-2005. For this purpose, it has been used the test of Zivot and Andrews (1992) on series of TFP computed from a development accounting exercise (Hsieh and Klenow, 2010) and alternative measures of openness with different characters: openness policies, openness as result, and measure of deviation (Wacziarg, 2001). The accumulation of cases, both potential and significant breaks in TFP are in line with the Oil Crisis of 1973/4 and 1979/80, and the Mexican Crisis of 1982. The cases of breaks on TFP during the consolidation process of openness in the region (1985-95) are not significant. Shocks in openness seem to have effects on the rate of growth of TFP

Suggested Citation

  • Gonzalez, German Hector & Delbianco, Fernando Andres, 2010. "Apertura y Productividad Total de los Factores: Análisis de la contemporaneidad en los quiebres estructurales para América Latina y el Caribe
    [Openness and Total Factor Productivity: Test of Tempor
    ," MPRA Paper 26029, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:26029
    as

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    File URL: https://mpra.ub.uni-muenchen.de/26029/1/MPRA_paper_26029.pdf
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    References listed on IDEAS

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    4. Dierk Herzer, 2005. "Does Trade Increase Total Factor Productivity: Cointegration Evidence for Chile," Ibero America Institute for Econ. Research (IAI) Discussion Papers 115, Ibero-America Institute for Economic Research.
    5. Zivot, Eric & Andrews, Donald W K, 2002. "Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(1), pages 25-44, January.
    6. Sen, Amit, 2003. "On Unit-Root Tests When the Alternative Is a Trend-Break Stationary Process," Journal of Business & Economic Statistics, American Statistical Association, vol. 21(1), pages 174-184, January.
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    Cited by:

    1. Álvaro Hurtado Rendón & Ana María Patiño Restrepo & Germán Héctor González, 2012. "Sincronización en américa latina," DOCUMENTOS DE TRABAJO CIEF 010575, UNIVERSIDAD EAFIT.
    2. Claudio Candia & Medardo Aguirre & Natalia Correa & María J. Herrera, 2016. "La productividad total de factores en el sector manufacturero chileno," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 18(35), pages 229-255, July-Dece.

    More about this item

    Keywords

    Apertura; Productividad Total de los Factores; America Latina y el Caribe;

    JEL classification:

    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

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