Analysis of productivity, technical efficiency, and technological progress: The Ecuadorian case, 1950-2019

Volume 20 No 6 (2022)

Edgar Vicente Pastrano Quintana , Igor Ernesto Díaz-Kovalenko , José Luis Torres-Chacón

DOI: 10.14704/nq.2022.20.6.NQ22170

Abstract

This article analyzes the determinants of Ecuadorian economic growth through the analysis of three stages of structural changes (1950-1972, 1973-1999, 2000-2017) experienced by the Ecuadorian economy. The statistical method of growth accounting is used and growth is decomposed into two groups: accumulation of productive factors(extensive growth) and technological progress (intensive growth).

Keywords

economic growth, growth accounting, total factor productivity, Malmquist index, Malmquist index

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