CRÍTICAS A LA VALUACIÓN ACTUARIAL DE LA OIT AL SISTEMA DE PENSIONES DE PANAMÁ

Juan Antonio Jované De Puy

doi:10.48204/2710-7744.4617

Submitted January 16, 2024

Published 2024-01-23

Artículos

Vol. 4 (2024): D’ECONOMÍA

Criticism of the ILO's Actuarial Valuation of The Pension System of Panama

Juan Antonio Jované De Puy ⁺⁻

DOI https://doi.org/10.48204/2710-7744.4617

References

DOI: 10.48204/2710-7744.4617

Published: 2024-01-23

How to Cite

Jované De Puy , J. A. (2024). Criticism of the ILO’s Actuarial Valuation of The Pension System of Panama. D´Economía, 4, 7–40. https://doi.org/10.48204/2710-7744.4617

Abstract

This article makes an in-depth critique of the type of methodology adopted by the International Labor Organization in its report on “Actuarial Evaluation of the Panamanian Pension System”, in order to project the growth rate of the Real Gross Domestic Product, the role that It includes technological change, as well as establishing the growth rate of labor productivity over time. These elements are central to calculating the evolution of macroeconomic indicators GDP, employment and unit wages. This means that the validity of economic assumptions depends fundamentally on the method used to make these economic assumptions; They are very important since subsequent recommendations regarding Social Security are derived from their results.

References

Acemoglu, Daron, 2009, Introduction to Modern Economic Growth, Princenton University Press, USA.
Aghion, Philippe, 2009, The Economics of Growth, The MIT Press, Cambridge, Massachusetts.
Burkett, Paul, 2006, Total Factor Productivity: An Ecological – Economic Critique, Organization Environment, Vol 19, No 2, June, USA.
Chapman Jr., Guillermo O., 2021, Hacia una Nueva Visión Económica y Social de Panamá, Editora Novo Art, Panamá.
Cohen, Avi J. and Harcourt G. C., 2003, Whatever Happened to the Cambridge Capital Theory?, Journal of Economic Perspectives, Vol. 17, Number 1 – Winter, USA
Daly, Herman, 1999, Ecological Economics and the Ecology of Economics, Edward – Elgar, USA.
Garegani, P., 1970, Heterogenous Capital, the Production Function and the Theory of Distribution, Review of Economic Studies, Vol 37, No 3, July, USA.
Georgescu – Roegen, Nicholas., 1975, Energy and Economic Myths, Southern Economic Journal Vol. 41, No. 3, January, USA.
Georgescu – Roegen, Nicholas., 1993, The Entropy Law and the Economic Problem, in Daly, Herman and Townsend, Kenneth N., editors, Valuing the Earth, 1993, MIT University Press, Cambridge Massachusetts.
Harcourt G. C., 1975, Teoría del Capital, Oikos – Tau, S, A, Barcelona.
Harcourt G. C., 1973, Acerca de Ciertas Controversias Mantenidas en Cambridge en Torno a la Teoría del Capital, en Monza, Alfredo, 1973, Nota Introductoria a la Reciente Controversia en Teoría del Capital, Editorial Tiempo Contemporáneo, Buenos Aires.
Jované, Juan, 2021, Análisis Crítico Sobre las Recientes Reflexiones del Profesor Chapman, en Chen Barria, José, El futuro de la Economía Panameña Post – COVID – 19, Editora Novo Art, Panamá.
Kalecki, Michal, 1984, Ensayos Escogidos Sobre la Dinámica de la Economía Capitalista, Fondo de Cultura Económica, México, D. F.
Keynes, John Maynard, 1974, Teoría General de la Ocupación el Interés y el Dinero, Fondo de Cultura Económica, octava reimpresión, México D. F.
Kurz, Heinz D., 2022, Breve Historia del Pensamiento Económico, Fondo de Cultura Económica, México.
Mankiw, Gregory N., Romer, David and Weil, David, 1990, A Contribution to The Empirics of Economic Growth, National Bureu of Economic Research, Cambridge, Massachusetts.
OIT, 2021, Evaluación Actuarial del Sistema Panameño de Pensiones, Oficina de la OIT para América Central, Haití, Panamá y República Dominicana, Costa Rica.
Robinson, Joan, 1978, Contribution to Modern Economics, Academic Press, New York.
Robinson, Joan, 1976, La Acumulación de Capital, Fondo de Cultura Económica, primera reimpresión, Bogotá.
Robinson, Joan, 1973, Teoría del Desarrollo, Ediciones Martínez Roca, S. A., Barcelona.
Robinson, Joan,1953/1954, The Production Function and the Theory of Capital, Review of Economic Studies, Vol. XXI (2), No 55.
Robinson, Joan, 1953, Imperfect Competition Revisted, The Economic Journal, September, United Kingdom.
Roncaglia, Alessandro, 2019, The Age of Fragmentation, Cambridge University Press, United Kingdom.
Sanuelson, Paul A., 1973, Parábola y Realismo en la Teoría del Capital: La Función de Producción Sustituta, en Braum, Oscar, compilador, 1973, Teoría del Capital y la Distribución, Editorial Tiempo Contenporaneo.
Samuelson, Paul A,, 1962, Parable and Realism in Capital Theory: The Subrogage Production Function, Review of Economic Studies, Vol 29, No 3, USA.
Shahikh, Anwar, 1974, Laws of Production and Laws of Algebra: The Humburg Production Function, Review of Economics and Statistics, Vol. 56, Issue 1.
Shahikh, Anwar, 2005, Nonlinear Dynamics and Pseudo – Production Functions, Eastern Economic Journal, Vol. 31, No. 3, Summer.
Skidelsky, Robert, 2020, What’s Wrong With Economics, Yale University Press, Great Britain.
Sraffa, Piero, 1966, Producción de Mercancías por Medio de Mercancías, Oikos – Tau, S, A, Barcelona.
Solow, Robert M., 1957, Thechnical Change and Agregate Production Function, The Review of Economics and Statistics, Massachusetts, August.
Solow, Robert M.,1974a, The Economic of Resources or the Resources of Economics, American Economic Review, Vol.64, No 2, USA.

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[1] Acemoglu, Daron, 2009, Introduction to Modern Economic Growth, Princenton University Press, USA.

[2] Aghion, Philippe, 2009, The Economics of Growth, The MIT Press, Cambridge, Massachusetts.

[3] Burkett, Paul, 2006, Total Factor Productivity: An Ecological – Economic Critique, Organization Environment, Vol 19, No 2, June, USA.

[4] Chapman Jr., Guillermo O., 2021, Hacia una Nueva Visión Económica y Social de Panamá, Editora Novo Art, Panamá.

[5] Cohen, Avi J. and Harcourt G. C., 2003, Whatever Happened to the Cambridge Capital Theory?, Journal of Economic Perspectives, Vol. 17, Number 1 – Winter, USA

[6] Daly, Herman, 1999, Ecological Economics and the Ecology of Economics, Edward – Elgar, USA.

[7] Garegani, P., 1970, Heterogenous Capital, the Production Function and the Theory of Distribution, Review of Economic Studies, Vol 37, No 3, July, USA.

[8] Georgescu – Roegen, Nicholas., 1975, Energy and Economic Myths, Southern Economic Journal Vol. 41, No. 3, January, USA.

[9] Georgescu – Roegen, Nicholas., 1993, The Entropy Law and the Economic Problem, in Daly, Herman and Townsend, Kenneth N., editors, Valuing the Earth, 1993, MIT University Press, Cambridge Massachusetts.

[10] Harcourt G. C., 1975, Teoría del Capital, Oikos – Tau, S, A, Barcelona.

[11] Harcourt G. C., 1973, Acerca de Ciertas Controversias Mantenidas en Cambridge en Torno a la Teoría del Capital, en Monza, Alfredo, 1973, Nota Introductoria a la Reciente Controversia en Teoría del Capital, Editorial Tiempo Contemporáneo, Buenos Aires.

[12] Jované, Juan, 2021, Análisis Crítico Sobre las Recientes Reflexiones del Profesor Chapman, en Chen Barria, José, El futuro de la Economía Panameña Post – COVID – 19, Editora Novo Art, Panamá.

[13] Kalecki, Michal, 1984, Ensayos Escogidos Sobre la Dinámica de la Economía Capitalista, Fondo de Cultura Económica, México, D. F.

[14] Keynes, John Maynard, 1974, Teoría General de la Ocupación el Interés y el Dinero, Fondo de Cultura Económica, octava reimpresión, México D. F.

[15] Kurz, Heinz D., 2022, Breve Historia del Pensamiento Económico, Fondo de Cultura Económica, México.

[16] Mankiw, Gregory N., Romer, David and Weil, David, 1990, A Contribution to The Empirics of Economic Growth, National Bureu of Economic Research, Cambridge, Massachusetts.

[17] OIT, 2021, Evaluación Actuarial del Sistema Panameño de Pensiones, Oficina de la OIT para América Central, Haití, Panamá y República Dominicana, Costa Rica.

[18] Robinson, Joan, 1978, Contribution to Modern Economics, Academic Press, New York.

[19] Robinson, Joan, 1976, La Acumulación de Capital, Fondo de Cultura Económica, primera reimpresión, Bogotá.

[20] Robinson, Joan, 1973, Teoría del Desarrollo, Ediciones Martínez Roca, S. A., Barcelona.

[21] Robinson, Joan,1953/1954, The Production Function and the Theory of Capital, Review of Economic Studies, Vol. XXI (2), No 55.

[22] Robinson, Joan, 1953, Imperfect Competition Revisted, The Economic Journal, September, United Kingdom.

[23] Roncaglia, Alessandro, 2019, The Age of Fragmentation, Cambridge University Press, United Kingdom.

[24] Sanuelson, Paul A., 1973, Parábola y Realismo en la Teoría del Capital: La Función de Producción Sustituta, en Braum, Oscar, compilador, 1973, Teoría del Capital y la Distribución, Editorial Tiempo Contenporaneo.

[25] Samuelson, Paul A,, 1962, Parable and Realism in Capital Theory: The Subrogage Production Function, Review of Economic Studies, Vol 29, No 3, USA.

[26] Shahikh, Anwar, 1974, Laws of Production and Laws of Algebra: The Humburg Production Function, Review of Economics and Statistics, Vol. 56, Issue 1.

[27] Shahikh, Anwar, 2005, Nonlinear Dynamics and Pseudo – Production Functions, Eastern Economic Journal, Vol. 31, No. 3, Summer.

[28] Skidelsky, Robert, 2020, What’s Wrong With Economics, Yale University Press, Great Britain.

[29] Sraffa, Piero, 1966, Producción de Mercancías por Medio de Mercancías, Oikos – Tau, S, A, Barcelona.

[30] Solow, Robert M., 1957, Thechnical Change and Agregate Production Function, The Review of Economics and Statistics, Massachusetts, August.

[31] Solow, Robert M.,1974a, The Economic of Resources or the Resources of Economics, American Economic Review, Vol.64, No 2, USA.

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