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Bounded Learning Efficiency and Sources of Firm Level Productivity Growth in Colombian Food Manufacturing Industry AgEcon
Shee, Apurba; Stefanou, Spiro E..
The measurement of productivity fluctuations has been the focus of decades-long interest. In addition to broad structural forces driving productivity changes, there is more recent interest in measuring and identifying the heterogeneous forces driving these changes. A major force is learning-by-doing which is used by economists to describe the phenomenon of productivity growth arising from the accumulation of production experience by a firm. This paper proposes a bounded learning concept with the learning progress function characterized by the degree of efficiency and the specification of the learning progress as a logistic function capturing both the slow start-up and the limit in learning progress. The inter-firm learning inefficiency is defined as the...
Tipo: Conference Paper or Presentation Palavras-chave: Colombian food manufacturing industry; Bounded learning-by-doing; Learning efficiency; Logistic differential equation; Technical efficiency; Firm-level productivity growth; Decomposition of productivity change; Endogeneity of input choice; Stochastic production frontier; Agribusiness; Industrial Organization; Production Economics; Productivity Analysis.
Ano: 2011 URL: http://purl.umn.edu/103898
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