Arbeitspapier
Management Practice in Production
In this paper we account for observed management practice in the estimation of aproduction function. In our model management practice is observable and we allow it toaffect output directly (neutral shift) and indirectly by affecting input productivity. Thisformulation gives us a semiparametric smooth coefficient model. Empirically, we findthat estimates of unobserved (in)efficiency do not correlate highly with observedmanagement. We also find that management affects output both directly and indirectlyvia all factors of production, i.e., the productivity effect of management is non-neutral.Finally, we find that the indirect effects of conventional inputs vary with management.
- Language
-
Englisch
- Bibliographic citation
-
Series: ifo Working Paper ; No. 129
- Classification
-
Wirtschaft
Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
Semiparametric and Nonparametric Methods: General
Production Management
- Subject
-
Management practice
production functions
semiparametric model
Management
Produktionsfunktion
Produktionsfaktor
Produktivität
Theorie
Welt
- Event
-
Geistige Schöpfung
- (who)
-
Triebs, Thomas
Kumbhakar, Subal C.
- Event
-
Veröffentlichung
- (who)
-
ifo Institute - Leibniz Institute for Economic Research at the University of Munich
- (where)
-
Munich
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Triebs, Thomas
- Kumbhakar, Subal C.
- ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Time of origin
- 2012
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