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Management matters

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  • Alexopoulos, Michelle
  • Tombe, Trevor

Abstract

To evaluate the effect of managerial innovations on the economy, a series of new indicators capturing these advances is constructed. Three findings emerge from the analysis. First, following a positive managerial shock, output and productivity significantly increase and hours modestly rise in the short run. Second, management innovations are generally as important as non-managerial ones in explaining movements in these variables at business cycle frequencies. Finally, product and process innovations help to promote the development of new managerial techniques.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Monetary Economics.

Volume (Year): 59 (2012)
Issue (Month): 3 ()
Pages: 269-285

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Handle: RePEc:eee:moneco:v:59:y:2012:i:3:p:269-285

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Web page: http://www.elsevier.com/locate/inca/505566

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Cited by:
  1. Rahaman, Mohammad M. & Zaman, Ashraf Al, 2013. "Management quality and the cost of debt: Does management matter to lenders?," Journal of Banking & Finance, Elsevier, vol. 37(3), pages 854-874.
  2. Nicholas Bloom & Renata Lemos & Raffaella Sadun & Daniela Scur & John Van Reenen, 2014. "The New Empirical Economics of Management," CEP Occasional Papers 41, Centre for Economic Performance, LSE.
  3. Aivazian, Varouj A. & Lai, Tat-kei & Rahaman, Mohammad M., 2013. "The market for CEOs: An empirical analysis," Journal of Economics and Business, Elsevier, vol. 67(C), pages 24-54.

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