Total Factor Productivity Estimation in Peru: Primal and Dual Approaches

Nikita Cespedes Reynaga and Nelson R. Ramírez-Rondán

Revista Economía, 2014, vol. 37, issue 73, 9-39

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 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (3)

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Working Paper: 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:pcp:pucrev:y:2014:i:73:p:9-39

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