Returns to Managerial Ability: Dairy Farms in Argentina
University of CEMA
December 1, 2011
Universidad de CEMA Documento de Trabajo No. 478
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.
Number of Pages in PDF File: 20
JEL Classification: D22, Q12working papers series
Date posted: March 22, 2012
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