Exportación y productividad: evidencia a nivel de empresa del sector químico – farmacéutico

Abstract

This study analyzes the production of the chemical sector and pharmaceutical products in Spain by estimating a production function. It is posed a simple framework for estimating production functions by using the traditional production factors (capital, labor and raw materials). The objectives of this study are two. The first objective is to estimate a production function for the firms belonging to this sector in Spain. The second objective is to analyze the total factor productivity (TFP) and its relationship to exports. As main conclusions, it can be mentioned the following: First, the chemical and pharmaceutical products sector in Spain represents around 9% of gross added value of total manufacturing. Second, when estimating the production function, it is found plausible values for the estimated elasticity of traditional production. Finally, the TFP shows and increasing pattern over the analyzed period and it is found evidence in favor for a positive relationship between TFP and export activity

Keywords

• total factor productivity
• production function
• exports