Excerpt from Micro-Production Functions Aren't Pretty: Firm-Level and Industry-Level Specification for Inputs and Outputs II. Sample and Methodology The data in this study, monthly observations from January 1976 to September 1982, describe the operations of eleven paper mills. The initial hope was that with competing plants within a narrowly defined industry classifica tion, many specification issues on inputs, output and functional form would be minimized. Figure 1 presents some initial evidence that lead to a ...
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Excerpt from Micro-Production Functions Aren't Pretty: Firm-Level and Industry-Level Specification for Inputs and Outputs II. Sample and Methodology The data in this study, monthly observations from January 1976 to September 1982, describe the operations of eleven paper mills. The initial hope was that with competing plants within a narrowly defined industry classifica tion, many specification issues on inputs, output and functional form would be minimized. Figure 1 presents some initial evidence that lead to a reevaluation of these expectations. The figure shows the distribution of monthly values of the labor productivity index, tons per hourly manhour, for each mill in a boxplot (see illustration). The average labor productivity for maximum the whole sample is 2h7. Four mills consist ently produce with higher rates of labor pro ductivity; the other seven with below average labor productivity. There is also considerable within-mill labor productivity variation. Even for the most compressed distribution (mill 6, o there is a h7.9% difference Boxplot Illustration between the maximum and minimum values of the distribution. For the least compressed distribution, (mill 10, o the maximum value of the labor productivity index is approximately three and one third times greater than the minimum value. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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