Estimating a production function and productivity analysis: The sector of global innovation for local markets

Abstract:

This paper analyzes the production of the sector of global innovation in local markets in Spain during the period 1990-2005, by estimating a function of production by Ordinary Least Squares and fixed and random effects, using traditional factors. This article aims at making a description of the sector, estimating a production function at firm level and, finally, studying the total factor productivity (TFP) and its relationship with exports and technological innovation. The main conclusions are that TFP presents a pattern of growth throughout the period and there is evidence in favor of a positive relationship between TFP and exports and innovative activities of the companies.

Año de publicación:

2017

Keywords:

• Total factor productivity
• innovation
• Function of production
• manufacturing
• Exports

Fuente:

scopus