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

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Transcription:

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

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

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 0.18-0.06-0.50 0.41 0.40 0.41-0.54-1.38 0.80 0.43-0.19-3.89 2.76 1.71 4.50 3.00 1.50 0.00-1.50-3.00-4.50 The TFP 1991-2014 average, stood at -0.33% The TFP in 2014 preliminary decreases 0.19%.

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 8.00 6.00 4.00 2.00 0.00-2.00-2.29-2.21-4.00-6.00-8.00-3.89-3.56-6.18-5.77 Gross Output Total Factor Contribution Total Factor Productivity

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 1991 5.40 1.53 0.04 1.49 0.50 0.21 1.42 0.59 4.24 1.16 1992 4.90 1.85 0.10 1.75 0.97 0.06 1.19 0.66 4.73 0.17 1993 2.20 1.80 0.13 1.67 0.76 0.05 0.32 0.23 3.15-0.95 1994 6.33 1.96 0.13 1.84 0.72 0.13 2.28 1.03 6.12 0.21 1995-6.18 1.23 0.00 1.23-0.39-0.22-1.52-1.39-2.29-3.89 1996 7.25 0.60-0.05 0.65 0.90 0.18 2.52 0.29 4.49 2.76 1997 6.84 1.48 0.05 1.43 1.15 0.16 2.24 1.11 6.14 0.69 1998 6.23 2.00 0.12 1.88 0.55 0.22 2.36 0.92 6.05 0.18 1999 3.58 2.24 0.19 2.05 0.88 0.10 0.78 1.17 5.18-1.60 2000 5.20 2.42 0.29 2.14 0.24 0.15 1.78 0.66 5.26-0.06 2001-1.12 2.04 0.27 1.77 0.30-0.04-0.70-0.22 1.38-2.50 2002 0.62 1.40 0.12 1.28-0.04 0.01 0.21 0.38 1.96-1.34 2003 2.33 1.11 0.07 1.04 1.37 0.15 0.42-0.22 2.83-0.50 2004 4.50 1.15 0.08 1.06 0.87-0.02 1.53 0.57 4.09 0.41 2005 3.08 1.36 0.08 1.28-0.01-0.04 0.87 0.50 2.69 0.40 2006 5.51 1.59 0.12 1.47 0.84-0.03 1.72 0.98 5.11 0.41 2007 3.16 1.77 0.20 1.57 0.60 0.05 0.51 0.77 3.71-0.54 2008 0.87 1.77 0.12 1.64 0.41 0.06 0.35-0.34 2.26-1.38 2009-5.77 1.29 0.11 1.17-0.48-0.03-2.17-0.82-2.21-3.56 2010 5.81 0.90 0.10 0.80 0.34-0.03 1.47 1.43 4.11 1.71 2011 3.70 1.14 0.05 1.10 0.32 0.07 0.78 0.58 2.90 0.80 2012 4.15 1.45 0.10 1.35 0.45 0.12 0.77 0.92 3.71 0.43 2013 1.39 1.40 0.09 1.31 0.06 0.07 0.36 0.15 2.04-0.65 2014 2.23 1.28 0.10 1.18 0.15-0.03 0.71 0.30 2.42-0.19

Determinants of TFP?

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

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 4500000 4000000 3500000 3000000 2500000 2000000 1500000 1000000 500000 0 Capital service price Income per unit of capital Capital productivity Gross Output

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 50.000 45.000 40.000 35.000 30.000 25.000 20.000 15.000 10.000 5.000 0.000 2000000 1800000 1600000 1400000 1200000 1000000 800000 600000 400000 200000 0 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. 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.

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.

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 160000 140000 120000 100000 80000 60000 40000 20000 0 Capital service price Capital productivity Income per unit of capital Gross Output 20.000 15.000 10.000 5.000 0.000 200000 150000 100000 50000 0 Price of labor service Labor productivity. Unit labor cost Gross Output

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 160.0 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0 2500000 2000000 1500000 1000000 500000 0 Capital service price Capital productivity Income per unit of capital Gross Output 70.000 60.000 50.000 40.000 30.000 20.000 10.000 0.000 2500000 2000000 1500000 1000000 500000 0 Price of labor service Labor productivity. Unit labor cost Gross Output

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 60.0 50.0 40.0 30.0 20.0 10.0 0.0 2000000 1500000 1000000 500000 0 Capital service price Capital productivity Income per unit of capital Gross Output 50.000 40.000 30.000 20.000 10.000 0.000 2000000 1500000 1000000 500000 0 Price of labor service Labor productivity. Unit labor cost Gross Output

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

What happened?

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

Steps to follow.

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.

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.

Conociendo México 01 800 111 46 34 www.inegi.org.mx atencion.usuarios@inegi.org.mx @inegi_informa INEGI Informa