Total Factor Productivity: The Case of the Beverage Sector in Ecuador

Total factor productivity (TFP) is a variable that measures the efficiency of the factors used in the production process across economic sectors. In other words, it is the basis for economic growth. The paper aimed to estimate the total factor productivity of Ecuador’s beverage sector for the period...

全面介绍

Saved in:
书目详细资料
主要作者: Pinos, Luis (author)
其他作者: Garate, Nathaly (author), Mejía, Silvia (author), Sarmiento, Luis (author)
格式: article
语言:spa
出版: 2025
主题:
在线阅读:https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/497
标签: 添加标签
没有标签, 成为第一个标记此记录!
实物特征
总结:Total factor productivity (TFP) is a variable that measures the efficiency of the factors used in the production process across economic sectors. In other words, it is the basis for economic growth. The paper aimed to estimate the total factor productivity of Ecuador’s beverage sector for the period 2012-2021, taking into account its heterogeneity based on firm size. For this purpose, data from the financial state­ments of the Superintendency of Companies and Insurance were used, and a Cobb-Douglas-type production function was estimated, with operational revenue as the dependent variable and net fixed assets, number of employees, and raw material consumption as independent variables. To achieve the stated objective, a dynamic GMM-SYS model was employed. The main findings indicated that the input contributing most to sales revenue was net fixed assets. On the other hand, TFP was found to follow a growth pattern consistent with the country’s economic activity. Finally, the results showed that large and medium-sized firms were, on average, more productive than small and micro enterprises during the period analyzed.