Total Factor Productivity Estimation in Peru: Primal and Dual Approaches

• Autores: Céspedes, Nikita, Ramírez-Rondán, Nelson
• Formato: artículo
• Fecha de Publicación: 2014
• Institución: Pontificia Universidad Católica del Perú
• Repositorio: PUCP-Institucional
• Lenguaje: español
• OAI Identifier: oai:repositorio.pucp.edu.pe:20.500.14657/178950
• Enlace del recurso: http://revistas.pucp.edu.pe/index.php/economia/article/view/10082/10519; https://doi.org/10.18800/economia.201401.001
• Nivel de acceso: acceso abierto
• Materia: Productivity; Primal; Dual; Peru; Solow residual; https://purl.org/pe-repo/ocde/ford#5.02.01

In this paper we estimate total factor productivity (TFP) growth for the Peruvian economy usingthe 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%.