The Fourth World KLEMS Conference. Determinants of Productivity in Mexico.

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Dorthy Wilkerson
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1 The Fourth World KLEMS Conference. Determinants of Productivity in Mexico. Madrid, 23 may 2016.

2 Total Factor Productivity Determinants of TPF? What happened? Steps to follow

3 Total Factor Productivity

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014P -2.50-3.56-0.95-0.65-1.60-1.34 0.17 0.21 1.16 0.69 0.18-0.

4 P The TFP average, stood at -0.33% The TFP in 2014 preliminary decreases 0.19%.

5 Gross Output Total Factor Contribution Total Factor Productivity

6 Variables A K L E M S B A-B=C Production (Weighted annual growth rates) Capital TIC NO TIC Labor Energy Materials Services Contribution of factors T FP

7 Determinants of TFP?

8 Capital service price. Capital productivity. Income (cost) per unit of capital. Price of labor service. Labor productivity. Unit labor cost.

9 Capital service price Income per unit of capital Capital productivity Gross Output

10 Price of labor service Labor productivity. Unit labor cost Gross Output

Services Capital and Labor Services, have a common point with respect to the results shown from 1991 to 2014.

11 Services Capital and Labor Services, have a common point with respect to the results shown from 1991 to The common point is the crisis of 1995, when the economy experienced a sharp drop in production have an impact on these two factors. Causing a structural change in the Mexican economy from 1995 production growth is not favorable to the ability of the economy to generate better results in productivity.

12 The change observed in the total economy, is similar to the results of the primary, secondary and tertiary sectors. Consequently, this situation generated a structural change in the Mexican economy. In response, the federal government has recently boosted financial and labor reforms. The first, find that the credit is accessible to all producers of goods and services. The second seeks to guarantee the quality of labor through fair wages and well paid. Because current labor laws protect employment generation without promoting it.

13 Capital service price Capital productivity Income per unit of capital Gross Output Price of labor service Labor productivity. Unit labor cost Gross Output

14 Capital service price Capital productivity Income per unit of capital Gross Output Price of labor service Labor productivity. Unit labor cost Gross Output

15 Capital service price Capital productivity Income per unit of capital Gross Output Price of labor service Labor productivity. Unit labor cost Gross Output

16 Capital service price Capital productivity Income (Cost) per unit of capital Price of labor service Labor productivity Total economy Primary sector Secondary sector Third sector Unit labor cost

17 What happened?

18 Indicators Formula Components Capital service price P K = EBO Serv K P K Capital service prices EBO Gross Operating Surplus Serv k Capital service Capital productivity ρ K = Y Serv K ρ K Capital productivity Y Gross Value Added Serv K Capital service Income per unit of capital C K = EBO ServK ρ K C K Income per unit of capital EBO Gross Operating Surplus ρ K Capital productivity Serv k Capital servic Price of labor service P L = Rem Serv L P L Price of labor service Rem Remunerations Serv L Labor service Labor productivity ρ L = Y Serv L ρ L Labor productivity Y Gross Value Added Serv L Labor service Unit labor cost C L = Rem Serv L P L C L Unit labor cost Rem Remunerations ρ L Labor productivity Serv L Labor service

19 Steps to follow.

20 Assess the impact of global value chains as part of the Total Contribution of factors and their impact on the Gross Value of Production. Analyze other determinants of productivity, proposed in the Bureau of Labor Statistics.

Other machinery and equipment and weapon systems nonresidential construction (other buildings and structures).

21 Consider opening that has the SNA 2008 in the following types of assets, to adopt in the PTF-KLEMS: Machinery, weapons systems and equipment. Transport equipment. Computer hardware. Telecommunications equipment. Other machinery and equipment and weapon systems nonresidential construction (other buildings and structures). Intellectual property products. Software and computer databases. Investigation and development. Other intellectual property products.

22 Conociendo México INEGI Informa

FINANCIAL ANALYSIS. Stoby

FINANCIAL ANALYSIS. Stoby FINANCIAL ANALYSIS Stoby INVESTMENTS AND FINANCING Investments planned over the period : Investments 2018 2019 2020 2021 Intangible assets Company creation 1 500 Web platform development 8 290 Accounting