Productividad total de los factores en la industria manufacturera de Bogotá, Risaralda y Valle

Abstract

Productivity is considered as one of the most important issues to study the growth and economic development of each company, region and / or country. In the 1971-2015 period in Colombia productivity had an analyzed behavior in 4 stages, the first stage is analyzed until 1974 where this indicator presented a high growth, the second stage had been understood until the middle of the 80's where was obtained a stagnation in national productivity, the third stage was studied from the late 80's until 1990 in which the Colombian industry increased its levels of efficiency and productivity, and finally the fourth stage took place from the beginning of the 90's from which a partial recovery stage was obtained. This document aims to present the results obtained from the study of the total productivity of the factors of Bogotá, Risaralda and Valle del Cauca during the period from 1971 to 2015 through the use of econometric techniques based on different economic variables such as measured capital across in fixed assets, skilled labor, unskilled labor and a proxy for foreign direct investment in proportion to capital (Spillover). In the results of the estimates, it was found that a positive movement of 80% of the economic variables such as fixed assets, labor and the spillover of foreign direct investment generate a positive impact on gross production of companies in the industrial sector, which leads to an increase in the total productivity of the factors making it more competitive and generate economic growth for each department. It was also found that the total factor productivity (TFP) for Bogotá and Valle del Cauca has a decreasing but positive behavior and a boom in the last years of study, while for Risaralda it shows a decreasing and negative behavior.