Returns to Managerial Ability: Dairy Farms in Argentina
Most studies analyzing the impact of human capital in agriculture use the measure of years of schooling of the producer as a proxy for decision-making skills. An alternative measure is used in this paper. The measure was derived by “grading” decision-making and execution skills of a sample of farmers. Grades were assigned by farm advisors knowledgeable of each farm and producer characteristics. Assigned grades were then used in a production-function context in order to estimate the impact of management skills on firm-level results. A very significant impact of these skills on production efficiency and firm results was found.
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- Huffman, Wallace E, 1980.
"Farm and Off-Farm Work Decisions: The Role of Human Capital,"
The Review of Economics and Statistics,
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- Gallacher, Marcos & Goetz, Stephan J. & Debertin, David L., 1994. "Managerial form, ownership and efficiency: a case-study of Argentine agriculture," Agricultural Economics, Blackwell, vol. 11(2-3), pages 289-299, December.
- Gallacher, Marcos & Goetz, Stephan J. & Debertin, David L., 1994. "Managerial form, ownership and efficiency: a case-study of Argentine agriculture," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 11(2-3), December.
- Fane, George, 1975. "Education and the Managerial Efficiency of Farmers," The Review of Economics and Statistics, MIT Press, vol. 57(4), pages 452-461, November. Full references (including those not matched with items on IDEAS)
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