Selected papers~ SPECIAL EDITION - Index of

(production) to input (production factors). A
expresses the contribution of other factors,
besides labor and capital. The values
190
estimated using multiple regression are
summarized in Table 2.
Table 2: Estimated coefficients for the production function related to the manufacturing
industry in Romania and Germany for the period 2000-2007.
A α β
Germany 19,04085387 0,857702548 0,146318628
Romania 0,581636175 0,052085522 0,972634345
Source: made by author based on econometric calculations
In Germany the elasticity of production to
labor is 0.86, that means work contributed
decisevely to the increase of production in the
period studied, while in Romania it is close to
zero. Coefficient A shows the effect of
technical refinements, organizational, etc.
over production growth: it is high in Germany
and low in Romania. Unlike labor factor,
capital factor has had a remarkable
contribution to increasing the production in
Romania (although this increase was modest).
We provide those interested many useful
statistical data series concerning the
investigated theme.
We believe that the elements outlined above
can represent the base for analysis for all
Romanian manufacturing industries because
the comparison of them with several leaders
of the world economy can represent the
scientific fundament necessary for
elaboration of economic policies.
7. Bibliography
Books
1. Jack B. Revelle 's Quality Essentials: A
Reference Guide from A to Z, ASQ Quality
Press, 2004, pages 8-9.
2. Bogan, Christopher E., English, Michael J.
Benchmarking for Best Practices: Winning
through Innovative Adaptation, New York:
McGraw-Hill, 1994, ISBN 0070063753
3. Bolstorff, Peter Rosenbaum, Robert,
Supply Chain Excellence: A Handbook for
Dramatic Improvement Using the SCOR
Model, USA: AMACOM, 2003
4. Zhu, Joe, Quantitative models for
Performance Evaluation and Benchmarking:
Data Development Analysis with
Spreadsheets and Dea Excel Solver, Boston:
Kluwer Academic Publishers, 2003
Articles
1. Camp R.C. 1993, A Bible for
benchmarking, by Xerox. Financial Executive
(July / August), pp 23-27.
2. Sherman, David H., Zhu, Joe,
Benchmarking to Seek Lower-Cost High-
Quality Service with Data Envelopment
Analysis: Evidence from the U.S. bank
application
Web sites:
1.How to Use Benchmarking in Business,
accesed 20 April 2011,
http://management.about.com/cs/benchmarki
ng/a/Benchmarking.htm
2.Benchmarking - Past, Present and Future,
accesed 24 April 2011,
http://www.benchnet.com/bppf2003e.cfm
3.Strategy – benchmarking, accesed 24 April
2011,
http://tutor2u.net/business/strategy/benchmar
king.htm