INDUSTRIAL SECTOR EXPORTS IN COLOMBIA: EFFICIENT FRONTIER ANALYSIS

Jorge A. Restrepo M, Lorenzo Portocarrero S and Juan Gabriel Vanegas L

International Journal of Management and Marketing Research, 2015, vol. 8, issue 2, 85-97

Abstract: In this paper, a comparative analysis is carried out among the industrial sectors in Colombia that have the most employees during 2000-2011. A dynamic simulation is used, and a Data Envelopment Analysis (DEA) is applied in order to obtain an overall index of technical efficiency in Colombia's industrial sectors for the use of resources. Similarly, an industrial sector efficiency ranking for exports is drawn up. This index determines the presence of unused resources, which is useful to devise strategies to support exports. The analysis is based on a Monte Carlo simulation forecast to determine the average values of the period for the input variables: number of businesses, employees, assets, and energy used to produce the output variables. That is, gross production and exports. The purpose is to compare the effectiveness of the factors of production to generate exports, and determine the possibility of improving inefficient sectors. The goal is to participate in the internationalization process in a proper way

Keywords: Dynamic Simulation; Financial Analysis; DEA; Exports (search for similar items in EconPapers)
JEL-codes: C51 C61 D22 F14 G32 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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