Returns to Managerial Ability: Dairy Farms in Argentina

Marcos Gallacher

No 478, CEMA Working Papers: Serie Documentos de Trabajo. from Universidad del CEMA

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.

JEL-codes: D22 Q12 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2011-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:cem:doctra:478

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