SciELO - Scientific Electronic Library Online

 
 número94Educación y salud: evidencia de efectos umbral en el crecimiento económicoContrastación empírica del modelo Export-Led en los países miembros de la Comunidad Andina de Naciones (CAN) índice de autoresíndice de materiabúsqueda de artículos
Home Pagelista alfabética de revistas  

Servicios Personalizados

Revista

Articulo

Indicadores

Links relacionados

  • En proceso de indezaciónCitado por Google
  • No hay articulos similaresSimilares en SciELO
  • En proceso de indezaciónSimilares en Google

Compartir


Lecturas de Economía

versión impresa ISSN 0120-2596

Resumen

CASAS HERRERA, Julián Augusto  y  GUTIERREZ AYALA, Jhancarlos. Territorial Analysis of the Elasticities of Substitution of Production Factors in the Colombian Manufacturing Industry (1992-2018). Lect. Econ. [online]. 2021, n.94, pp.233-265.  Epub 16-Abr-2021. ISSN 0120-2596.  https://doi.org/10.17533/udea.le.n94a343836.

The article presents the estimation of the price and substitution elasticities of demand between inputs, labor, intermediate material, capital, energy, and other production expenses for the industrial manufacturing sector of Colombia (the central region and the department of Boyacá). The estimates were made through the application of translogarithmic cost functions with data for the period 1992 - 2018 from the Annual Manufacturing Survey. Results show a low substitution level between capital and labor in the national scenario, with an elasticity of 0.08%. In the case of the department of Boyacá, the relationship was complementary; increases of 1% in the price of capital are related to an average reduction of 0.17% in the demand for labor. These results show differences in the average relative participation of the production factors in the total cost, which allows for the conclusion that the dynamics of the national, regional, and department industrial sectors are heterogeneous.

Clasificación JEL: C51, D01, D24

Palabras clave : manufacturing industry; production factors; elasticities; translogarithmic function; SURE.

        · resumen en Español | Francés     · texto en Español     · Español ( pdf )