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CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

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Latin America: Incorporating environmental factors into the measurement of production efficiency and technical change

This paper examines growth in a set of Latin American countries from 1980 to 2004 by analysing total factor productivity (tfp) from a twofold perspective: maximization of output (gdp) and minimization of the co2 emissions generated in the production process. Malmquist productivity indices are constructed for this purpose. In addition, kernel density functions are employed to analyse convergence (or divergence) in the efficiency estimated. The results obtained indicate that incorporating environmental factors into the measurement of efficiency and productive change significantly improves the estimates for certain countries in the region by comparison with those obtained by more traditional methods.

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