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Productivity Measures for the Colombian Manufacturing Industry

Camila Casas and Alejandra Gonzalez-Ramirez ()

Borradores de Economia from Banco de la Republica de Colombia

Abstract: In this paper we present estimates for the coefficients of a production function, and the corresponding total factor productivity (TFP) for the Colombian manufacturing industry during 2005{2013. We follow several structural microeconometric techniques to estimate the production function parameters. We compare the estimation results across methodologies, as well as their robustness to changes in our estimation sample, variable definitions, and/or weights used to aggregate the estimated firm-level TFP into an industry-level average TFP. Our results show that, in general, all estimation methodologies result in a similar growth pattern during our sample period. Moreover, the general growth trend is not affected greatly by the additional changes mentioned above. However, the level of productivity (and the estimated TFP growth) does depend on how the production function is estimated

Keywords: Total factor productivity; production function; manufacturing industry (search for similar items in EconPapers)
JEL-codes: D24 L25 L60 (search for similar items in EconPapers)
Pages: 55
Date: 2016-06
New Economics Papers: this item is included in nep-eff and nep-ger
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Citations: View citations in EconPapers (5) Track citations by RSS feed

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Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:947

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