Stochastic Frontier Model on the estimation of productivity within the Venezuelan Manufacturing Sector

Marianela Luzardo Briceño (), Víctor E. Márquez Pérez (), Yohana G. López H. () and Ana Chacón ()
Additional contact information
Marianela Luzardo Briceño: Doctora en Estadística por la Universidad de Los Andes. Universidad Pontificia Bolivariana. Bucaramanga, Colombia. Teléfono: (57) 304-337-0014.
Víctor E. Márquez Pérez: Doctor en Estadística por la Universidad Central de Venezuela. Universidad Técnica de Manabí. Ecuador. Teléfono: (593) 98-480-6443.
Yohana G. López H.: Licenciada en Estadística. Escuela de Estadística de la Universidad de Los Andes. Mérida, Venezuela.
Ana Chacón: Especialista en Estadística por la Universidad Central de Venezuela. Universidad Técnica de Manabí. Ecuador.

Economía, 2019, vol. 44, issue 48, 37-79

Abstract: A stochastic frontier study was carried out in order to estimate the technological changes in both scale and efficiency required in the total factor productivity of the Venezuelan manufacturing sector (2003-2007), with an unbalanced panel data of 21 branches of economic activity. The results showed that, over time, all the branches of economic activity included in the annual industry survey, carried out by the National Statistics Institute (INE in Spanish), and the strata types (large industry, mid-upper industry, mid-lower industry and small industry)1 showed an advance in technology, but not at the desired level since the technological performance was negative; likewise, both productive inefficiency and a contraction in the production of the Venezuelan manufacturing companies were observed.

Keywords: stochastic frontier; technical efficiency; productivity; Venezuelan manufacturing sector (search for similar items in EconPapers)
JEL-codes: C33 D24 L6 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
ftp://iies.faces.ula.ve/Pdf/Revista48/Rev48Luzardo.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:44:y:2019:i:48:p:37-79

Access Statistics for this article

Economía is currently edited by Dyanna María Ruíz Uzcátegui and Yibeli Emilia Briceño Carrero

More articles in Economía from Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela Facultad de Ciencias Económicas y Sociales. Instituto de Investigaciones Económicas y Sociales. Campus Universitario Liria, Edificio G, Tercer Nivel. Mérida 5101, Estado Mérida, Venezuela. Contact information at EDIRC.
Bibliographic data for series maintained by Alexis Vásquez ().