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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 productionfunction. Time and management induced...
Persistent link: https://www.econbiz.de/10010877598
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...
Persistent link: https://www.econbiz.de/10010538808
Due to tight public budget constraints, the efficiency of publicly financed universities in Germany is receiving increasing attention in the academic as well as in the public discourse. Against this back ground we analyze the efficiency of 72 public Ger-man universities for the y ears...
Persistent link: https://www.econbiz.de/10005046820