Determinants of the Manufacturing Sector in Ecuador

  1. LEON, MARCELO 1
  2. Barroso Gonzalez, Maria de la O 2
  1. 1 Universidad Tecnológica Ecotec
    info

    Universidad Tecnológica Ecotec

    Guayaquil, Ecuador

    ROR https://ror.org/04pe1sa24

  2. 2 Universidad de Huelva
    info

    Universidad de Huelva

    Huelva, España

    ROR https://ror.org/03a1kt624

Journal:
Estudios de economía aplicada

ISSN: 1133-3197,  1697-5731

Year of publication: 2024

Issue Title: Economic Theory and Quantitative Analysis related to Health Economics

Volume: 42

Issue: 2

Type: Article

DOI: 10.25115/SAE.V42I2.9650 DIALNET GOOGLE SCHOLAR lock_openOpen access editor

More publications in: Estudios de economía aplicada

Sustainable development goals

Abstract

The world economy increasingly requires industries with greater specialization that provide higher value-added products to meet the diverse needs of society. In this sense, the objective of this research is to determine the productive capacity of the manufacturing industry in Ecuador, taking into account its financial resources and available human talent. The study employs a Cobb-Douglas production function and incorporates economic freedom as a structural variable. Panel data analysis is conducted at the provincial level, covering the period from 2010 to 2020. The results demonstrate that economic factors exhibit expected behavior within this type of production function. However, the inclusion of economic freedom in the analysis yields peculiar results, which suggests political implications that need to be considered at the conclusion of the study.

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