Returns to Managerial Ability: Dairy Farms in Argentina

Gallacher, Marcos

doi:10.2139/ssrn.2026051

Abstract

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Returns to Managerial Ability: Dairy Farms in Argentina

Marcos Gallacher

University of CEMA

December 1, 2011

Universidad de CEMA Documento de Trabajo No. 478

Abstract:
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, Q12

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Date posted: March 22, 2012

Suggested Citation

Gallacher, Marcos, Returns to Managerial Ability: Dairy Farms in Argentina (December 1, 2011). Universidad de CEMA Documento de Trabajo No. 478 . Available at SSRN: http://ssrn.com/abstract=2026051 or http://dx.doi.org/10.2139/ssrn.2026051

Contact Information

Marcos Gallacher (Contact Author)

University of CEMA ( email )

1054 Buenos Aires
Argentina