Examinando por Materia "productividad total de los factores"
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Ítem Crecimiento y ciclos de la economía colombiana (2005 – 2019)(Universidad EAFIT, 2020-07-24) Posada Posada, Carlos Esteban; cposad25@eafit.edu.coIn 2005-19 Colombian economic growth was outstanding at the international level: GDP per worker increased 2.07% per year, equivalent to 36% in those 15 years. This was possible because total factor productivity (TFP) increased. This can be affirmed in view of the fact that capital stock, in the long term, is not an explanatory factor. What was worrying was the declining trend in the growth rate of TFP; in fact, it has stagnated in the last two years. Regarding to short run dynamics, Colombian business cycles depended on the United States´s cycles both directly and through the oil price. But the intensity of the Colombian cycles (their relative distance between peaks and troughs) was greater than the exhibited by American cycles.Ítem Determinants of Total Factor Productivity: The cases of the main Latin American and emerging economies of Asia (1960 - 2015)(Universidad EAFIT, 2018-12-01) Gómez, Wilman; Posada, Carlos Esteban; Rhenals, Remberto; wilman.gomez@udea.edu.coThe objective of this paper was to explain the greater or lesser growth rate of total factor productivity, TFP, in the main East Asian and Latin American economies between 1960 and 2015. We found econometric evidence favorable to this hypothesis: the increase in public consumption expenditures, given the evolution of other factors, reduces the TFP. Other results of the econometric exercise, those that are related to hypothetical positive effects of public investment and imports on TFP were not as robust or as reliable as we would have expected.Ítem Dynamic Macroeconomics: A Didactic Numeric Model(Universidad EAFIT, 2018-04-25) Posada, Carlos Esteban; Sanchez, Santiago; cposad25@eafit.edu.co; ssanch40@eafit.edu.coTeaching Dynamic Macroeconomics at undergraduate courses relies exclusively on intuitive prose and graphics depicting behaviours and steady states of the main markets of the economy. But when the case of forward-looking agents and the macroeconomic implications of their actions are discussed, intuitions and graphical representations offered to students may lead to unsupported conclusions. This happens even if the teacher and students use the chapter upon a dynamic macroeconomic model of one of the most didactic and ordered texts ever published: Williamson (2014). In this paper we try to sustain this assertion.