Characterizing Managerial Skill and Technical Efficiency in a Fishery
Researchers have long recognized that entrepreneurial or
managerial skill is a major determinant of productivity
or reason why production among firms varies. Yet, except for a few studies,
in productivity and output levels are usually attributed
to plant configuration or scale. More important, there appears to have
been few attempts to relate
technical efficiency to managerial skill. Utilizing a stochastic
production frontier, we examine the relationship between technical efficiency
characteristics of skill such as experience and education
in a fishery. Although we cannot determine threshold or essential levels
and education, substitution possibilities are found to
exist between years of experience and education levels. Additional analysis
for two captains of the same background and experience
reveals that additional characteristics need to be considered in the
examination of skipper skill
or the "good-captain" hypothesis.
Source: Kirkley, J., Squires, D., and I.E. Strand.
managerial skill and technical efficiency in a fishery.” Journal
of Productivity Analysis, 9(2): 145-160.
For more information, please contact: Dale.Squires@noaa.gov