Abstract

GUZMAN SORIA, Eugenio; GARZA CARRANZA, María Teresa de la; ATLATENCO IBARRA, Quetzalli  and  TERRONES CORDERO, Aníbal. The manufacturing industry in Mexico: an analysis of its productivity and efficiency, 1993-2020. Econ. soc. territ [online]. 2024, vol.24, n.74, e1927.  Epub Mar 08, 2024. ISSN 2448-6183.  https://doi.org/10.22136/est20241927.

In this work, the productivity and efficiency of the manufacturing industry in Mexico were estimated, using non-homogeneous double logarithmic production function (NHPF) and yearly data from 1993 to 2020. Money as an input in the production function was considered as a theoretical argument. During the period analyzed, the average output elasticities of labor and bank credit indicate a productivity of 1.5 and 0.05 (respectively), while the average returns to scale of the manufacturing sector set their efficiency at 1.55. The credit deficiency suggests a need for efficient financing allocation mechanisms for the sector.

Keywords : manufacturing industry; productivity; efficiency; NHPF.

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