Working Paper
Productivity with General Indices of
Management and Technical Change
Thomas Triebs, Subal C. Kumbhakar
Ifo Institute, Munich, 2012
Ifo Working Paper No. 144
Ifo Institute, Munich, 2012
Ifo Working Paper No. 144
We 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 production function. Time and management induced technical change are then defined in terms 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.
Schlagwörter: General management index, general time index, technical change
JEL Klassifikation: M110, D240, O330