Produtividade agregada brasileira (1970-2000): declínio robusto e fraca recuperação

Pedro Ferreira, Roberto Ellery and Victor Gomes

No 594, FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) from EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil)

Abstract: This study explores the productivity performance of the Brazilian economy between 1970 and 1998. We assess how much of the TFP downfall can be explained by some departures from the standard procedure. We incorporate to the standard measure utilization of capacity, changes in the workweek of capital, services of capital from electricity consumption, relative prices distortions, human capital, and investment in specific technology. We conclude that the downfall in productivity is quite robust to those specifications. The only case that presents a marked difference from the standard TFP measure occurs when relative prices of capital are corrected. The implications of this finding are a topic for future research.

Date: 2005-07-01
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Citations: View citations in EconPapers (6)

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Working Paper: PRODUTIVIDADE AGREGADA BRASILEIRA (1970-2000): DECLÍNIO ROBUSTO E FRACA RECUPERAÇÃO (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:fgv:epgewp:594

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