Title
Index of technical efficiency of Peruvian companies
Other title
Índice de eficiencia técnica de las empresas de Perú
Date Issued
01 January 2022
Access level
open access
Resource Type
journal article
Publisher(s)
Universidad de los Andes, Facultad de Economia
Abstract
In a decade of low TFP —factorial total productivity— in Latin America, the paper shows evidence of the low level of TFP due to the degree of technical inefficiency of companies in the Peruvian productive sector case. For this, the technical efficiency indices of 116 875 companies (83 271 formal and 33 604 informal) distributed in 25 regions and ten productive sectors (agriculture, livestock, agriculture, mining, fishing, manufacturing, construction, commerce, hotels and restaurants, and the rest are non-governmental services). The estimates yielded a general average efficiency index for the regions and sectors of Peru of 37.94 —in other words, the total product of the companies would multiply by 2.6 without requiring additional productive factors—. This figure suggests that government or company interventions that induce technically efficient behaviors in production can contribute to increasing the TFP of the economy, probably at lower cost and time.
Start page
111
End page
151
Volume
90
Language
Spanish
OCDE Knowledge area
Econometría Economía
Scopus EID
2-s2.0-85128629754
Source
Desarrollo y Sociedad
ISSN of the container
01203584
Sources of information: Directorio de Producción Científica Scopus