Efficiency in U.S. Manufacturing Industries

by David Barton and Richard E. Caves

Using the recently developed stochastic frontier production function, Richard Caves and David Barton estimate the degree of technical efficiency in nearly 350 U.S. manufacturing industries and explain the variation in efficiency among industries. They reach a number of strong conclusions, including the observation that import competition and flexible employment arrangements are beneficial whereas corporate diversification hurts efficiency. Caves and...

• Format: Hardcover
• Language: English
• ISBN: 0262031574
• ISBN13: 9780262031578
• Release Date: January 1990
• Publisher: MIT Press (MA)
• Length: 194 Pages