From Inside The Firm to the Growth Process
AbstractThis paper argues that the internal organization of the firm and the growth process interact strongly to determine simultaneously the power of incentives within the firm and the growth rate. We show how agents within the firm can invest either by using their own human capital or by relying on some form of reputational capital to secure implicit relationships within the firm and we discuss how these investments affect the growth rate of the economy. (JEL: D92, L22, O40) Copyright (c) 2003 The European Economic Association.
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Bibliographic InfoArticle provided by MIT Press in its journal Journal of the European Economic Association.
Volume (Year): 1 (2003)
Issue (Month): 2-3 (04/05)
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Web page: http://www.mitpressjournals.org/jeea
Other versions of this item:
- David Martimort & Thierry Verdier, 2003. "From inside the firm to the growth process," DELTA Working Papers 2003-30, DELTA (Ecole normale supérieure).
- Martimort, David & Verdier, Thierry, 2002. "From Inside the Firm to the Growth Process," IDEI Working Papers 147, Institut d'Économie Industrielle (IDEI), Toulouse.
- D92 - Microeconomics - - Intertemporal Choice - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
- L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Acemoglu, Daron & Zilibotti, Fabrizio & Aghion, Philippe, 2003.
"Vertical Integration and Distance to Frontier,"
4481512, Harvard University Department of Economics.
- Daron Acemoglu & Philippe Aghion & Fabrizio Zilibotti, 2002. "Vertical Integration and Distance to Frontier," NBER Working Papers 9191, National Bureau of Economic Research, Inc.
- Acemoglu, Daron & Aghion, Philippe & Zilibotti, Fabrizio, 2002. "Vertical Integration and Distance to Frontier," CEPR Discussion Papers 3565, C.E.P.R. Discussion Papers.
- Patrick Francois & Joanne Roberts, 2003. "Relationships, Commitment, and Labor Productivity Growth," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 612-620, 04/05.
- Sandra Tavares Silva & Aurora A.C. Teixeira, 2006. "An evolutionary model of firms' institutional behavior focusing on labor decisions," FEP Working Papers 227, Universidade do Porto, Faculdade de Economia do Porto.
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