Multifactor Productivity and its Determinants: An Empirical Analysis for Mexican Manufacturing

Salgado Banda Héctor and Bernal Verdugo Lorenzo E.
Authors registered in the RePEc Author Service: Lorenzo Ernesto Bernal-Verdugo

No 2007-09, Working Papers from Banco de México

Abstract: We use data from the Annual Industrial Survey for 1996-2003. First, we estimate production functions by means of growth accounting exercises and panel data econometrics for the whole sector and for 14 comprehensive groups. Various measures of Multifactor Productivity (MFP) are constructed, as we consider diverse combinations of inputs with capital, labour, electricity and transport. This allows us to compare MFP growth rates between groups. Second, we analyse econometrically some of the determinants of MFP and Labour Productivity (LP) growth. We find that, on the one hand, there is some evidence of a positive relationship between market concentration and technology adoption; on the other hand, both technology adoption and human capital seem to be promoting productivity, whilst market concentration is exerting a negative influence on it. In sum, our results suggest that, once controlling for the effect on technology adoption, more concentration (conversely, less competition) has a negative impact on productivity.

JEL-codes: C33 D24 L11 (search for similar items in EconPapers)
Date: 2007-05
New Economics Papers: this item is included in nep-com, nep-cse and nep-eff
References: Add references at CitEc
Citations: View citations in EconPapers (5)

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Journal Article: Multifactor productivity and its determinants: an empirical analysis for Mexican manufacturing (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:bdm:wpaper:2007-09

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