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Evolução da Produtividade Total dos Fatores na Economia Brasileira com Ênfase no Capital Humano – 1992-2007

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  • Barbosa Filho, Fernando de Holanda
  • Pessôa, Samuel de Abreu
  • Veloso, Fernando A.

Abstract

This paper investigates the evolution of total factor productivity (TFP) for the Brazilian economy between 1992 and 2007, using a measure of human capital based on microeconomic data. One of the main contributions of this paper is to construct a specific measure of human capital that allows one to quantify both the evolution of the participation of the different levels of education and experience of the labor force in total hours worked and the variation of its productivity over time. The results show that TFP increased only 11.3% between 1992 and 2007 and accounted for about 22.9% of the growth rate of GDP in the period. Another important result is that the human capital of the labor force in Brazil was almost stationary during the period. This was due to the fact that the increase in the participation component of the labor force was compensated by the reduction in the productivity component. Finally, it is shown that the increase in the supply of more educated workers explains the decline in human capital compensation. In particular, the lack of a better educated labor force does not appear to have imposed a restriction to economic growth, since its supply increased faster than the demand.

Suggested Citation

  • Barbosa Filho, Fernando de Holanda & Pessôa, Samuel de Abreu & Veloso, Fernando A., 2010. "Evolução da Produtividade Total dos Fatores na Economia Brasileira com Ênfase no Capital Humano – 1992-2007," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 64(2), June.
    • Handle: RePEc:fgv:epgrbe:v:64:y:2010:i:2:a:1478
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    References listed on IDEAS

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    Cited by:

    1. Spolador, H. & Roe, T., 2018. "The agriculture TFP growth and labor allocation in the Brazilian economy," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277483, International Association of Agricultural Economists.
    2. Schettini, Daniela & Azzoni, Carlos, 2013. "Recent Productivity Growth and Regional Inequality in Brazil," TD NEREUS 10-2013, Núcleo de Economia Regional e Urbana da Universidade de São Paulo (NEREUS).
    3. Daniela Schettini & Carlos Roberto Azzoni, 2018. "Eficiência produtiva e o futuro das disparidades regionais no Brasil [Productive efficiency and the future of regional disparities in Brazil]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 28(2), pages 347-384, May-Augus.
    4. Roberto Ellery Jr. & Victor Gomes, 2014. "Fiscal Policy, Supply Shocks and Economic Expansion in Brazil from 2003 to 2007," Brazilian Business Review, Fucape Business School, vol. 11(3), pages 53-75, June.
    5. Fernando Siqueira Dos Santos, 2016. "Okun’S Law And Labor Productivity In Brazil," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 232, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

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