Literaturnachweis - Detailanzeige
Autor/in | Mohan, Preeya |
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Titel | Human Capital and Technical Efficiency: A Stochastic Frontier Analysis of Caribbean Firms |
Quelle | In: Journal of Education and Work, 33 (2020) 2, S.143-153 (11 Seiten)Infoseite zur Zeitschrift
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | gedruckt; online; Zeitschriftenaufsatz |
ISSN | 1363-9080 |
DOI | 10.1080/13639080.2020.1747050 |
Schlagwörter | Human Capital; Productivity; Innovation; Role; Efficiency; Business Administration; Scores; Measurement Techniques; Management Development; Educational Attainment; Graduate Study; Technical Assistance; Labor Force Development; Employees; Vocational Education; Undergraduate Study; Industry; Job Training; Foreign Countries; Manufacturing; Service Occupations; Trinidad and Tobago; Barbados; Antigua and Barbuda; Belize; Dominica; Guyana; Bahamas; Jamaica; Saint Vincent and the Grenadines; Saint Lucia; Grenada; Surinam Humankapital; Produktivität; Rollen; Effectiveness; Effektivität; Wirkungsgrad; Business economics; Betriebswirtschaft; Messtechnik; Bildungsabschluss; Bildungsgut; Aufbaustudium; Graduiertenstudium; Hauptstudium; Technische Hilfe; Arbeitskräftebestand; Employee; Arbeitnehmer; Beschäftigter; Ausbildung; Berufsbildung; Grundstudium; Industrie; Berufsqualifizierender Bildungsgang; Ausland; Herstellung; Dienstleistungsberuf; Trinidad und Tobago; Antigua und Barbuda |
Abstract | Technical efficiency is the ability of a firm to produce its maximum output using a set of inputs or to minimise the use of its inputs to produce a certain level of output. When a firm is operating at its most efficient, operating costs can be minimised, profits maximised and competitiveness improved. This study investigates the role of a firm's human capital in impacting its technical efficiency. It uses the Productivity, Technology, Innovation survey (PROTEqIN) conducted for a sample of 13 Caribbean countries in 2014 and comprises 1,966 firms. To account for differences in efficiency of firms, a Stochastic Frontier Analysis is used to estimate the production function as well as technical efficiency scores. The efficiency scores are then regressed against workforce characteristics and other firm-specific control variables using a Tobit estimator with robust standard errors. The results suggest that workforce characteristics, in particular workforce composition in terms of the proportion of managers to total workforce and graduate and post-graduate education play an important role in influencing firm efficiency, perhaps more so than other firm-specific variables. Lastly, government technical assistance programmes in the Caribbean also act to improve firm technical efficiency. (As Provided). |
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Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
Update | 2024/1/01 |