131157 20240206154529.0 doi 10.1016/j.ijpe.2014.05.018 sideral 87821 ART-2014-87821 eng Sáenz-Royo,C. (orcid)0000-0001-7914-2623 Long- and short-term efficiency in an automobile factory: An econometric case study 2014 This paper models the production technology of an automobile assembly plant as an integrated long and short-term relationship between inputs, labor and capital, and output, number of monthly assembled units. The parameters of the production function, elasticity of output to labor and capital, and the growth rate in total factor productivity (TFP), are estimated using the Error Correction Mechanism (ECR). The paper compares the TFP and the inverse of the hours per vehicle (HPV), the standard measure of productivity used in the industry, as indicators of operating efficiency of a production unit. The empirical application also highlights the potentialities of the ECM in insider and case study econometrics research, especially when the observed output and inputs of a production process deviate from the production technological frontier due to anticipated and unanticipated perturbations in the operations. info:eu-repo/grantAgreement/ES/DGA/CREVALOR info:eu-repo/grantAgreement/ES/MICINN/ECO2010-21393-C04-04 info:eu-repo/semantics/closedAccess All rights reserved http://www.europeana.eu/rights/rr-f/ 2.752 2014 ENGINEERING, INDUSTRIAL 1 / 43 = 0.023 2014 Q1 T1 OPERATIONS RESEARCH & MANAGEMENT SCIENCE 5 / 81 = 0.062 2014 Q1 T1 ENGINEERING, MANUFACTURING 4 / 39 = 0.103 2014 Q1 T1 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Salas-Fumás,V. Universidad de Zaragoza (orcid)0000-0001-8405-1056 4012 650 Universidad de Zaragoza Dpto. Direcc.Organiza.Empresas Área Organización de Empresas 156 (2014), 98-107 Int. j. prod. econ. INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS 0925-5273 548729 http://zaguan.unizar.es/record/131157/files/texto_completo.pdf Versión publicada 1076022 http://zaguan.unizar.es/record/131157/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:131157 articulos driver 2024-02-06-14:45:25 ARTICLE