Endogenous technology and sectoral productivity: Chile 1962-1982

Juan Eduardo Coeymans, Yair Mundlak

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

The choice of sectoral productivity in Chile is studied within the choice of technique approach. The choice of production techniques is an economic problem in that the techniques implemented at any time reflect the prevailing economic environment, as well as its history. Incorporating this choice in the analysis adds another channel through which market conditions can influence productivity while neglecting this simple fact leads to a distorted view of the production process. This view of production is applied here to present an econometric framework for estimating sectoral production functions. The derived function has the form of a Cobb-Douglas function, but its coefficients are allowed to vary in response to the economic environment and to factor utilization. The results show the important effect that macro, external, and institutional shocks have on the level and cyclical behavior of productivity.

Original languageEnglish
Pages (from-to)257-275
Number of pages19
JournalJournal of Productivity Analysis
Volume3
Issue number3
DOIs
Publication statusPublished - Sep 1992

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Economics and Econometrics
  • Business and International Management

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