THe effect of Globalization on technical efficiency of pharmaceutical products in Iran

Subject Areas :

Sahar. Shokri ^{1 *} , Oranus. Parivar ² , Bijan. Safavi ³

1 - عضو هئیت علمی دانشگاه آزاد اسلامی واحد تهران جنوب
2 - عضو هئیت علمی دانشگاه آزاد اسلامی واحد تهران جنوب
3 - دانشجوی کارشناسی ارشد اقتصاد انشگاه آزاد اسلامی واحد تهران جنوب

Received: 2015-10-07 Accepted : 2015-10-07 Published : 2013-03-21

Keywords: Globalization, integration of intemational Trade, frontier production function, Corrected ordinary Least Square,

Abstract :

As it seems inevitable for all countries to get involved in world economy.on one hand,expanded needs and necessities,and on the other hand specialized production have caused no country could pace in isolation.The aim of this paper is to evaluate the effect of globalization on technical efficiency of pharmaceutical products in Iran.In order to consider that,Cobb-Douglas and frontier production function with econometrics approach,Corrected ordinary Least Square(COLS),is used.The results reveal that the integration of intemational Trade(ITT) as the globalization has no effect on technical efficiency of pharmaceutical products.