Title: Total factor productivity estimation in Peru: Primal and dual approaches
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%.
Publication Year: 2014
Publication Date: 2014-03-01
Language: en
Type: preprint
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Cited By Count: 2
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