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Términos de intercambio y productividad total de factores en el Perú

In: Productividad en el Perú: medición, determinantes e implicancias

Author

Listed:
  • Paul Castillo

    (Banco Central de Reserva del Perú)

  • Youel Rojas

    (Universitat Pompeu Fabra)

Abstract

En este documento se estudia la relación entre los términos de intercambio y la productividad total de factores (PTF) en el Perú. Se utiliza un enfoque de dos etapas: primero, se estima la senda histórica de la PTF utilizando un modelo estructural DSGE para una economía pequeña y abierta; luego, en un segundo paso, la PTF se descompone entre un componente interno y uno externo ligado a los términos de intercambio. Se encuentra que los choques de términos de intercambio generan importantes ganancias de productividad, no solo de corto plazo sino también de mediano y de largo plazo, predominando en nuestra muestra los impactos de corto y de mediano plazo.

Suggested Citation

  • Paul Castillo & Youel Rojas, 2016. "Términos de intercambio y productividad total de factores en el Perú," Chapters of Books, in: Nikita Céspedes & Pablo Lavado & Nelson Ramírez Rondán (ed.), Productividad en el Perú: medición, determinantes e implicancias, edition 1, volume 1, chapter 6, pages 145-171, Fondo Editorial, Universidad del Pacífico.
    • Handle: RePEc:pai:chptup:16-01-06
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