Estimación de la Eficiencia del Sector Metalmecánico en Colombia: Análisis de la Frontera Estocástica (Efficiency Estimation of the Metallurgy Sector in Colombia: Stochastic Frontier Analysis)

Cuadernos de Economía, Vol. 31, no. 58, pp. 257-286, 2012

30 Pages Posted: 14 Feb 2013

See all articles by Gerardo Buchelli

Gerardo Buchelli

Catholic University of Pereira

Jhon Jairo Marín Restrepo

Universidad de los Andes, Colombia, University Foundation of the Andean Region

Date Written: December 28, 2012

Abstract

This paper evaluates the performance of the metalworking sector in Colombia, between 1998 and 2007, using stochastic frontier techniques (SFA), which, through the estimation of the deviations from an ideal function of costs, measure levels economic efficiency of various production units. The results indicate significant differences in the performance of the 12 departments included in the analysis, suggesting that each could achieve significant gains in terms of cost reduction if the production units were closer to the production levels of operation of the more efficient. Additionally, we find that during the period of analysis there is a significant change in the cost efficiency of the sector. Said efficiency can be explained by the impact, the production units of the sector, and the economic crisis in the country in the late nineties.

Note: Downloadable document is in Spanish.

Keywords: Stochastic frontiers, economic efficiency, productivity, metalworking

JEL Classification: C23, D20, D24, L64

Suggested Citation

Buchelli, Gerardo and Marín Restrepo, Jhon Jairo, Estimación de la Eficiencia del Sector Metalmecánico en Colombia: Análisis de la Frontera Estocástica (Efficiency Estimation of the Metallurgy Sector in Colombia: Stochastic Frontier Analysis) (December 28, 2012). Cuadernos de Economía, Vol. 31, no. 58, pp. 257-286, 2012 , Available at SSRN: https://ssrn.com/abstract=2216931

Gerardo Buchelli (Contact Author)

Catholic University of Pereira ( email )

Cra. 7 No. 18-55
Pereira
Colombia

Jhon Jairo Marín Restrepo

Universidad de los Andes, Colombia, University Foundation of the Andean Region ( email )

Calle 71 No. 13-21
Bogota
Colombia

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