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Autor/inMohan, Preeya
TitelHuman Capital and Technical Efficiency: A Stochastic Frontier Analysis of Caribbean Firms
QuelleIn: Journal of Education and Work, 33 (2020) 2, S.143-153 (11 Seiten)Infoseite zur Zeitschrift
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Spracheenglisch
Dokumenttypgedruckt; online; Zeitschriftenaufsatz
ISSN1363-9080
DOI10.1080/13639080.2020.1747050
SchlagwörterHuman 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
AbstractTechnical 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).
AnmerkungenRoutledge. Available from: Taylor & Francis, Ltd. 530 Walnut Street Suite 850, Philadelphia, PA 19106. Tel: 800-354-1420; Tel: 215-625-8900; Fax: 215-207-0050; Web site: http://www.tandf.co.uk/journals
Erfasst vonERIC (Education Resources Information Center), Washington, DC
Update2022/1/01
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