Productivity with General Indices ofManagement and Technical Change
AbstractWe propose a model of production where technical change is both time and management induced. We define a general management index in addition to the general time index of Baltagi and Griffin (1988) and use them as arguments in the translog productionfunction. Time and management induced technical change are then defined interms of these general indices. For comparison, we also consider models in which time and management are specified as continuous variables. We report empirical results for a sample of manufacturing firms in the US, UK, Germany and France.
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Bibliographic InfoPaper provided by Ifo Institute for Economic Research at the University of Munich in its series Ifo Working Paper Series with number Ifo Working Paper No. 144.
Date of creation: 2012
Date of revision:
General management index; general time index; technical change;
Other versions of this item:
- Triebs, T.P. & Kumbhakar, S.C., 2013. "Productivity with general indices of management and technical change," Economics Letters, Elsevier, vol. 120(1), pages 18-22.
- M11 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Production Management
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
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