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Un estudio acerca de los determinantes de la productividad y la ineficiencia técnica en la industria colombiana, 1992-2007
[Determinants of productivity and technical inefficiency in Colombia’s manufacturing, 1992-2007]

Author

Listed:
  • Loaiza Quintero, Osmar Leandro
  • Franco Vásquez, Liliana Yaned

Abstract

The aim of this article is to estimate the determinants of industrial productivity growth in Colombia’s regions. In this regard, we follow to Kumbhakar and Lovell (2000), who decompose total factor productivity growth into three sources: technical change, scale economies and technical efficiency. To this end, a stochastic frontier model, similar to that of Battese and Coelli (1995), is estimated. This model allow to associate technical efficiency to a set of explanatory variables. This way, the Battese and Coelli’s model allows to get a deeper understanding of the causes of productivity growth. This article finds that throughout the period 1992-1999, productivity growth is mainly explained by an increase in technical efficiency, due to the softening of Colombia’s foreign trade restrictions. However, throughout the period 2000-2007, productivity growth is mainly explained by technical change, which possibly related to the increase in foreign investment and to tax deductions to foster the imports of capital goods. Este trabajo se propone estimar los determinantes del crecimiento de la productividad industrial en los departamentos de Colombia. En particular, siguiendo a Kumbhakar y Lovell (2000), se descompone la productividad total factorial en tres elementos: cambio técnico, economías de escala y eficiencia técnica. Con este fin, se estima un modelo de frontera estocástica siguiendo la propuesta de Battese y Coelli (1995). Este modelo permite, además, asociar la eficiencia técnica con un conjunto de variables explicativas. De esta forma, el modelo de Battese y Coelli (1995) permite ahondar en los determinantes de la PTF. Se encuentra que en el periodo 1992-1999 el aumento de la productividad puede ser atribuido principalmente al aumento en la eficiencia técnica, debido a la mayor exposición de la industria nacional a la competencia extranjera por la disminución de las barreras arancelarias. Por el contrario, en el periodo 2000-2007, el crecimiento de la productividad puede ser atribuido principalmente al cambio técnico, posiblemente asociado al incremento de la inversión extranjera y los incentivos tributarios a la importación de bienes de capital.

Suggested Citation

  • Loaiza Quintero, Osmar Leandro & Franco Vásquez, Liliana Yaned, 2012. "Un estudio acerca de los determinantes de la productividad y la ineficiencia técnica en la industria colombiana, 1992-2007
    [Determinants of productivity and technical inefficiency in Colombia’s man
    ," MPRA Paper 47736, University Library of Munich, Germany, revised 20 Jun 2013.
  • Handle: RePEc:pra:mprapa:47736
    as

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    File URL: https://mpra.ub.uni-muenchen.de/47736/1/MPRA_paper_47736.pdf
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    References listed on IDEAS

    as
    1. Subal Kumbhakar & M. Denny & M. Fuss, 2000. "Estimation and decomposition of productivity change when production is not efficient: a paneldata approach," Econometric Reviews, Taylor & Francis Journals, vol. 19(4), pages 312-320.
    2. Jondrow, James & Knox Lovell, C. A. & Materov, Ivan S. & Schmidt, Peter, 1982. "On the estimation of technical inefficiency in the stochastic frontier production function model," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 233-238, August.
    3. Kumbhakar, Subal C., 1990. "Production frontiers, panel data, and time-varying technical inefficiency," Journal of Econometrics, Elsevier, vol. 46(1-2), pages 201-211.
    4. Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
    5. Fernando Garcia & Jorge Oliveira Pires, 2004. "Productivity of Nations: a stochastic frontier approach to TFP decomposition," Econometric Society 2004 Latin American Meetings 292, Econometric Society.
    6. Jaume Puig-Junoy, 2001. "Technical Inefficiency and Public Capital in U.S. States: A Stochastic Frontier Approach," Journal of Regional Science, Wiley Blackwell, vol. 41(1), pages 75-96.
    7. Ana María Iregui & Ligia Melo & Jorge Ramos, 2007. "Análisis de eficiencia de la educación en Colombia," REVISTA DE ECONOMÍA DEL ROSARIO, UNIVERSIDAD DEL ROSARIO, May.
    8. Moses Abramovitz, 1956. "Resource and Output Trends in the United States Since 1870," NBER Books, National Bureau of Economic Research, Inc, number abra56-1.
    9. Ana María Iregui & Luis Fernando Melo & María Teresa Ramírez, 2006. "Productividad Regional Y Sectorial En Colombia:Análisis Utilizando Datos De Panel," BORRADORES DE ECONOMIA 003387, BANCO DE LA REPÚBLICA.
    10. Alejandro BADEL FLOREZ, 2002. "Sistema Bancario Colombiano: ¿Somos eficientes a nivel internacional?," ARCHIVOS DE ECONOMÍA 003500, DEPARTAMENTO NACIONAL DE PLANEACIÓN.
    11. Cornwell, C. & Schmidt, P., 1993. "Production Frontiers and Efficiency Measurement," Papers 427e, Georgia - College of Business Administration, Department of Economics.
    12. Moses Abramovitz, 1956. "Resource and Output Trends in the United States Since 1870," NBER Chapters,in: Resource and Output Trends in the United States Since 1870, pages 1-23 National Bureau of Economic Research, Inc.
    13. Kapoor, Mudit & Kelejian, Harry H. & Prucha, Ingmar R., 2007. "Panel data models with spatially correlated error components," Journal of Econometrics, Elsevier, vol. 140(1), pages 97-130, September.
    14. Cornwell, Christopher & Schmidt, Peter & Sickles, Robin C., 1990. "Production frontiers with cross-sectional and time-series variation in efficiency levels," Journal of Econometrics, Elsevier, vol. 46(1-2), pages 185-200.
    15. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
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    More about this item

    Keywords

    Stochastic frontier; total factor productivity; technical efficiency; manufacturing industry. Frontera estocástica; productividad total factorial; eficiencia técnica; industria manufacturera.;

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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