Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/73707 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
ifo Working Paper No. 129
Verlag: 
ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich
Zusammenfassung: 
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.
Schlagwörter: 
Management practice
production functions
semiparametric model
JEL: 
D24
C14
M11
Dokumentart: 
Working Paper

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