González-González, Jorge A. E.

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Factores que afectan las exportaciones de la industria de farmacéuticos y medicinas de Puerto Rico
(2013) González-González, Jorge A. E.; Ruiz-Vargas, Yolanda; College of Business Administration; Sepúlveda Rivera, Jaime E; Gregory Crespo, Alexandra; Department of Business Administration; Torres-Soto, Zaida Lina
This study analyzes the effect of government investment on infrastructure, the cost of industrial energy, and the lifespan of fiscal policy, with the total exports of the manufacturing sector, and the pharmaceutical industry of Puerto Rico. For this study, the Ordinary Least Squares model was used with data for the period of 1965 to 2011. Two regressions were estimated using various functional forms. The results of the regression model indicates that government investment on infrastructure and the cost of industrial energy are significant and directly related to the total exports for the manufacturing sector and the pharmaceutical industry of Puerto Rico. Although the relationships are non significant, this study shows that fiscal policies negatively affects exports, except for Section 936 which seemed to positively impact the exports of the pharmaceutical industry.