State of the art for measuring productivity and technical efficiency in Latin America: Nicaragua Case

Abstract

In this article were presented the results of a literature review from textbooks and scientific papers that address theory of "productivity" and "technical efficiency" as two key economic indicators to determine the economic growth reflected a productive unit, an economic sector or a nation. The study found that countries with a higher contribution of technical progress to the change in productivity in the period of 50 years (1960-2010) were analyzed recorded the Argentina, Brazil, Colombia and Ecuador, with indexes of around 0.3%. Furthermore, it is evident that the 19 countries analyzed in this study showed a decreasing technical efficiency, which means that the contribution of TFP that efficiency was negative in all countries. In the case of Nicaragua it was noted that some authors TFP estimated between 0.016 and 0.018 of growth.

Rev. iberoam. bioecon. cambio clim. Vol. 1 num 2, 2015, pág. 76-100