Mexico and the forum for economic cooperation, Asia-pacific, 1990-2019: Determinants of the sustainable productivity of the wood industry

Abstract

The purpose of this research is to identify the determinants of the productivity of the wood industry for the economies that make up the Asia-Pacific Economic Cooperation Forum (APECF) in the period 1990-2019. As a dependent variable, a sustainable productivity index is created to measure this productivity. Using the econometric method of panel data, the impact of employment, capital stock, and innovation on the sustainable productivity of the wood manufacturing industry is found. The variable capital stock (SC) is estimated using the Perpetual Inventory Method (PIM) and incorporating an adjustment factor for the absence of the first observation. The findings indicate that there is a significant relationship between the sustainable productivity index and the variables employment, innovation, and capital stock. The study's findings demonstrate that productivity exists when there is a balance in the use of resources or public goods. The contribution that is made to the literature is about authentic productivity that promotes the improvement of the quality of life of the population as well as the responsible use of finite resources. This research examines the practical implications of sustainable forest resource utilization, specifically focusing on sustainable productivity.