COMPARING METHODS FOR TOTAL FACTOR PRODUCTIVITY MEASUREMENT

Naijela Janaina Costa Silveira, Diogo Ferraz, Diego Scarpa de Mello, Eduardo Polloni-Silva, Herick Fernando Moralles, Daisy Aparecida do Nascimento Rebelatto

Resumo


Productivity measures the level of efficiency, which a particular economy uses its resources to produce goods and consumer services. Increasing productivity is the fastest route to get economic growth and social well-being since such production improvement reflects all effectiveness of the production sector, as well as the degree of development of a company. This article aims to compare four models to estimate the Total Factor Productivity (TFP). The tested models were the Olley and Pakes - OP (1996); Levinsohn and Petrin – LP (2003); Wooldridge - Wool (2009); and Ackerberg, Caves and Frazer - ACF (2015). As an intermediate input, we used the per capita energy consumption. We found that the model ACF (2015) proposes an improvement of the OP and LP models, in addition to present results with statistical meaning, the model Wool (2009) also is about an improved model of previous estimations, beyond it presented results near the same. However, the ACF model presented high dispersion around the models average. For this reason, according to our analysis, the Wool model was preferred than others.

Palavras-chave


Productivity; Efficiency; Developed countries; Emerging countries.

Texto completo:

PDF (English)

Referências


ACEMOGLU, D.; AGHION, P.; BURSZTYN, L.; HEMOUS, D. The environment and directed technical change. American Economic Review, v.102, n.01, p.131–166, 2012.

ACKERBERG, D.; CAVES, K.; FRAZER, G. Identification Properties of Recent Production Function Estimators. Econometrica, v.83, n.06, p.2411-2451, 2015.

AGHION, P.; HOWITT, P. Endogenous growth theory. Cambridge, MA: MIT Press, 1998.

AKINLO, A. E.; ADEJUMO, O. O. Determinants of Total Factor Productivity Growth in Nigeria, 1970–2009. Global Business Review, v.17, n.02, p.257-270, 2016.

ALVIM, C. F. A produtividade dos Fatores em Alguns Países. Economia & Energia, n.73, 2009.

ARAZMURADOV, A.; MARTINI, G.; SCOTTI, D. Determinants of total factor productivity in former Soviet Union economies: A stochastic frontier approach. Economic Systems, v.38, n.01, p.115-135, 2014.

AYRES, R. U.; WARR, B. The Economic Growth Engine: How Energy and Work Drive Material Prosperity. Edward Elgar Publishing, Cheltenham, UK, 2010.

AZAR, C.; DOWLATABADI, H. A review of technical change in assessment of climate policy. Annual Review of Energy and the Environment. v.24, n.01, p.513–544, 1999.

BROOKS, C. Introductory Econometrics for Finance. 2 ed. Chris Brooks The ICMA Centre, University of Reading, 2008.

BUESA M.; HEIJS J.; BAUMERT, T. The determinants of regional innovation in Europe: A combined factorial and regression knowledge production function approach. Research Policy, v.39, p.722–735, 2010.

CASTIGLIONESI, F.; ORNAGHI, C. On the determinants of total factor productivity growth: Evidence from Spanish manufacturing firms. Macroeconomic Dynamics, v.17, n.03, p.501-530, 2013.

DANSKA-BORSIAK, B. Determinants of total factor productivity in Visegrad Group nuts-2 regions. Acta Oeconomica, v.68, n.01, p.31-50, 2018.

DAŃSKA-BORSIAK, B.; LASKOWSKA, I. The Determinants of Total Factor Productivity in Polish Subregions. Panel Data Analysis. Comparative Economic Research, v.15, n.04, p.17-29, 2012.

ELMAWAZINI, K. FDI Spillovers, Efficiency Change and Host Country Labor Productivity: Evidence from GCC Countries. Atlantic Economic Journal, v.42, n.04, p.399-411, 2014.

FELEMA, J.; RAIHER, A. P.; FERREIRA, C. R. Agropecuária brasileira: desempenho regional e determinantes de produtividade. Revista de Economia e Sociologia Rural, v.51, n.03, p.555-574, 2013.

GIOVANIS, E.; OZDAMAR, O. Determinants of total factor productivity: Evidence from US Compustat firms and Triadic Patent Families. International Journal of Economics and Business Research, v.10, n.03, p.258-272, 2015.

HARRIS, R.; MOFFAT, J. Plant-level determinants of total factor productivity in Great Britain, 1997–2008. Journal of Productivity Analysis, v.44, n.01, 2015.

HAUSMANN R.; HIDALGO, C. A.; BUSTOS, S.; COSCIA, M.; SIMOES A.; YILDIRIM, M. A. The atlas of economic complexity: Mapping paths to prosperity: MIT Press, 2014.

HIDALGO, C. A.; HAUSMANN, R. The building blocks of economic complexity. Proceedings of the National Academy of Sciences of the United States of America, v.106, n.26, p.10570-10575, 2009.

HUSNIAH H.; SUPRIATNA A. K. Optimal number of fishing fleet for a sustainable fishery industry with a generalized logistic production function. Proceedings of 2015 International Conference on Industrial Engineering and Systems Management, IEEE IESM 2015, 7380211, 546-554, 2016.

KIM, S. Factor determinants of total factor productivity growth for the japanese manufacturing industry. Contemporary Economic Policy, v.34, n.03, p.572-586, 2016.

KIM, S. Factor determinants of total factor productivity growth in the malaysian hotel industry: A stochastic frontier approach. Cornell Hospitality Quarterly, v.52, n.01, p.35-47, 2011.

LENOX, M.; KING, A. Prospects for developing absorptive capacity through internal information provision. Journal of Strategic Management, v.25, n.04, p.331-345, 2004.

LEVINSOHN, J.; PETRIN, A. Estimating Production Functions Using Inputs to Control for Unobservables. Review of Economic Studies, v.70, p.317-342, 2003.

LÖSCHEL, A. Technological change in economic models of environmental policy: a survey. Ecological Economics, v.43, n.02, p.105–126, 2002.

MATION, L. Produtividade Total dos Fatores no Brasil: impactos na educação e comparações internacionais. Boletim Radar – IPEA, v.28, p.39-46, 2013.

MESSA, A. Indicadores de produtividade: Uma breve revisão dos principais métodos de cálculo. Radar: Tecnologia, Produção e Comércio Exterior, n.28, 2013.

NELSON, R.; PHELPS, E. Investment in humans, technological diffusion, and economic growth. American Economic Review, v.56, n.(1/2), p.69–75, 1966.

OLLEY, S.; PAKES, A. The Dynamics of Productivity in the Telecommunications Equipment Industry. Econometrica, v.64, p.1263-1295, 1996.

OTSUKA, A. Regional determinants of total factor productivity in Japan: stochastic frontier analysis. Annals of Regional Science, v.58, n.03, p.579-596, 2017.

OTSUKA, K.; NATSUDA, K. The determinants of total factor productivity in the malaysian automotive industry: are government policies upgrading technological capacity? Singapore Economic Review, v.61, n.04, 2016.

ROMER, P. M. Endogenous technological change. Journal of Political Economy, v.98, n.05, p.71–102, 1990.

SARBU, M. Does Social Media Increase Labour Productivity? Journal of Economics and Statistics, v.237. n.02, p.81–113, 2017.

SHENG, Y.; SONG, L. China's iron and steel industry performance: Total factor productivity and its determinants. The Chinese Steel Industry's Transformation: Structural Change, Performance and Demand on Resources, p.69-88, 2012.

SOLOW, R. A contribution to the theory of economic growth. Quarterly Journal of Economics, v.70, n.01, p.65-94, 1956.

SOLOW, R. Technical Change and the Aggregate Production Function. Review of Economics and Statistics, v.39, n.03, p.312-320, 1957.

STERN, D. I.; KANDER, A. The role of energy in the industrial revolution and modern economic growth. Energy Journal, v.33, n.03, p.125, 2012.

TINBERGEN, J. A teoria do desenvolvimento econômico de longo prazo. Review of World Economics, v.55, n.01, p.511-549, 1942.

VALLEJOS, L.; VALDIVIA, L. Productivity growth in Peru: 1950 – 1998. Santiago: Interamerican Development Bank, 2000. (Serie de Documentos de Trabajo nº 355). 2000.

WOOLDRIDGE, J. M. On estimating firm-level production functions using proxy variables to control for unobservables. Economics Letters, v.104, p.112-114, 2009.




DOI: https://doi.org/10.5585/exactaep.2021.18140

Direitos autorais 2021 Exacta

Licença Creative Commons
Esta obra está licenciada sob uma licença Creative Commons Atribuição - Não comercial - Compartilhar igual 4.0 Internacional.

Tempo médio entre a submissão e primeira resposta de avaliação: 120 dias

Exacta – Engenharia de Produção

e-ISSN: 1983-9308
ISSN: 1678-5428
www.revistaexacta.org.br

Exacta  ©2022 Todos os direitos reservados.

Este obra está licenciada com uma Licença 
Creative Commons Atribuição-NãoComercial-CompartilhaIgual 4.0 Internacional