“…Putting ability‐related statistics (e.g., one‐putt percentage, three‐putt percentage, use of anchored putter, total putting, putts per round, one‐putt total, three‐putt total, and stroke gained) are utilized to address the focal issue more comprehensively, thereby enhancing the analysis of production relationships in golf and providing information on human capital measurement in golf. Further, though previous economics studies addressing marginal productivity of professional golfers (e.g., Alexander & Kern, ; Finley & Halsey, ; Shmanske, ) have taken into account the external effects of player performance, confounding variables, such as physical characteristics, PGA career years, number of events played in per year, and handedness, are not fully controlled in the models.…”