Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73707
Authors: 
Triebs, Thomas
Kumbhakar, Subal C.
Year of Publication: 
2012
Series/Report no.: 
Ifo Working Paper 129
Abstract: 
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.
Subjects: 
Management practice
production functions
semiparametric model
JEL: 
D24
C14
M11
Document Type: 
Working Paper

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