Total Factor Productivity: Estimates for Philippine Economy

Caesar B. Cororaton and Maria Teresa Caparas

No DP 1999-06, Discussion Papers from Philippine Institute for Development Studies

Abstract: This paper develops and constructs a database for TFP estimation at the aggregate level and at the nine major sectors. A comparison of TFP estimates for different countries is conducted. In addition, a methodology is developed for TFP computation, which is afterwards applied to existing Philippine data to facilitate new TFP estimates. Four methodologies are used to compute: traditional growth accounting, Divisia-translog, Econometric and Stochastic Frontier Approach. Results indicate that TFP improvement right after the 1980 crisis is not sustainable. Data on early 1990s show TFP being below zero. Focusing within the period, evidences of TFP differential across sectors are traced.

Keywords: total factor productivity; total factor productivity estimation (search for similar items in EconPapers)
Pages: 84
Date: 1999
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Citations: View citations in EconPapers (7)

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