Multifactor productivity and its determinants: an empirical analysis for Mexican manufacturing |
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Authors: | Héctor Salgado Banda Lorenzo Ernesto Bernal Verdugo |
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Institution: | 1.Banco de México,Mexico D.F.,Mexico;2.University of Chicago,Chicago,USA |
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Abstract: | The aim of this paper is twofold. First, we estimate production functions for the Mexican manufacturing sector and for 14
comprehensive groups, allowing us to construct various measures of multifactor productivity. Second, we analyse some of the
determinants of productivity growth. We find that, on the one hand, there is a positive relationship between market concentration
and technology adoption; on the other hand, both technology adoption and human capital promote productivity, whilst market
concentration exerts a negative influence on it. Our results suggest that, once controlling for the effect on technology adoption,
more concentration impacts negatively productivity growth. |
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