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Returns to Managerial Ability: Dairy Farms in Argentina

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  • Marcos Gallacher

Abstract

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.

Suggested Citation

  • Marcos Gallacher, 2011. "Returns to Managerial Ability: Dairy Farms in Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 478, Universidad del CEMA.
    • Handle: RePEc:cem:doctra:478
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    File URL: https://www.ucema.edu.ar/publicaciones/download/documentos/478.pdf
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    References listed on IDEAS

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    1. Smith,Vernon L., 2009. "Rationality in Economics," Cambridge Books, Cambridge University Press, number 9780521133388, October.
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    Cited by:

    1. Marcos Gallacher, 2020. "The human factor in Argentine agriculture," CEMA Working Papers: Serie Documentos de Trabajo. 746, Universidad del CEMA.
    2. Marcos Gallacher, 2020. "The human factor in Argentine agriculture," Asociación Argentina de Economía Política: Working Papers 4347, Asociación Argentina de Economía Política.

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    More about this item

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets

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