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.

Sprache
Englisch

Erschienen in
Series: ifo Working Paper ; No. 129

Klassifikation
Wirtschaft
Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
Semiparametric and Nonparametric Methods: General
Production Management
Thema
Management practice
production functions
semiparametric model
Management
Produktionsfunktion
Produktionsfaktor
Produktivität
Theorie
Welt

Ereignis
Geistige Schöpfung
(wer)
Triebs, Thomas
Kumbhakar, Subal C.
Ereignis
Veröffentlichung
(wer)
ifo Institute - Leibniz Institute for Economic Research at the University of Munich
(wo)
Munich
(wann)
2012

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Triebs, Thomas
  • Kumbhakar, Subal C.
  • ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Entstanden

  • 2012

Ähnliche Objekte (12)