英文摘要 |
This paper investigates the relationship between human capital and technicalefficiency using a unique employer—employee matched data set of Taiwan’smanufacturing plants during 1998 to 2003. Specifically, we apply thestochastic frontier production function proposed by Battese and Coelli (1995)to estimate the level of technical efficiency and examine the determinants oftechnical efficiency simultaneously for 23 two-digit industries. Our results suggestthat the estimates of average technical efficiency are distributed from 0.59to 0.83, with the highest in the leather products industry and the lowest in thechemical product industry. Moreover, technical efficiency increases with thehuman capital index (measured by the education composition of the workforce)at a diminishing rate, especially for the electronics industry, which suggeststhere is a positive concave relationship between technical efficiency and humancapital. Finally, for most industries in our sample, increases in plant size andemploying foreign workers would both help to improve the technical efficiency. |