Resumen de Productivity measurements for South Korea and three countries of the Pacific Alliance: Colombia, Chile and Mexico, 2008-2012
Javier Deaza Chaves, Enrique Gilles, Alejandro Vivas Benítez
This paper measures and compares total factor productivity changes using Hicks-Moorsteen Productivity indexes for five broad economic sectors, in South Korea and in three countries of the Pacific Alliance: Colombia, Chile and Mexico, during the period 2008-2012. We specify two models, one measuring output and inputs in levels and the other in per worker terms. We use panel data for years and countries. We find a more diverse pattern of productivity among the four countries, as well as among sectors, that the obtained from national figures (not sectoral). That is, national estimates of Total Factor Productivity veil different and interesting trends in productivity that occurs at the sectoral level and among countries
