Category: Microeconomics


Human Capital and Technical Efficiency: An Analysis of the Stochastic Production Frontier and Inefficiency Effects Model for Thai manufacturing SMEs

This paper employs the World Bank�s 2006 Enterprise Survey and the stochastic production frontier and inefficiency effects models to empirically investigate the significant impact of human capital, such as i) skilled workers’ years of education, years of tenure and age, ii) workforce’s education and iii) unskilled foreign workers, as well as iv) in-house and outside