Total Factor Productivity Estimation in Peru: Primal and Dual Approaches

Nikita Cespedes Reynaga and Nelson R. Ramírez-Rondán

No 11, Working Papers from Peruvian Economic Association

Abstract: In this paper we estimate total factor productivity (TFP) growth for the Peruvian economy using the primal and dual methods for the period 2003-2012. According to the primal method, a procedure that uses the Solow residual as an indicator of productivity, TFP grew at an average annual rate of 1.6%, adjusted for the quality and usage of the factors of production. According to the dual method, a procedure that considers estimations of the marginal productivities of the factors of production, TFP grew at an annual rate of 1.7%.

Keywords: Productivity; Primal; Dual; Peru; Solow residual (search for similar items in EconPapers)
JEL-codes: C23 E23 O47 (search for similar items in EconPapers)
Date: 2014-03
New Economics Papers: this item is included in nep-eff and nep-mac
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Citations: View citations in EconPapers (5)

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Journal Article: Total Factor Productivity Estimation in Peru: Primal and Dual Approaches (2014)
Working Paper: Total factor productivity estimation in Peru: Primal and dual approaches (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:apc:wpaper:2014-011

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