Estimación de una función de producción y análisis de la productividad: el sector de innovación global en mercados locales

This paper analyzes the production of the sector of global innovation in local markets in Spain duringthe period 1990-2005, by estimating a function of production by Ordinary Least Squares and fixed andrandom effects, using traditional factors. This article aims at making a description of the sector, estima-ting a production function at firm level and, finally, studying the total factor productivity (TFP) and itsrelationship with exports and technological innovation. The main conclusions are that TFP presents apattern of growth throughout the period and there is evidence in favor of a positive relationship betweenTFP and exports and innovative activities of the companies.