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Productivity: The Management Enhancement Strategy for Chile

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  • Andrea Tokman

    (Facultad de Economía y Empresa, Universidad Diego Portales)

Abstract

The main findings of this paper are that firm improvements will involve enhancing management practices, incorporating new technologies to production processes and increasing labor competencies of floor workers and managers. Policies that promote entrepreneurial innovation and a culture that values continuous improvement and technological upgrades will be crucial to reversing the stagnation of productivity within firms. Intensifying product market competition, internationalization of domestic firms and attracting more foreign direct investment are also important policies to foster increased efficiency. Finally, association between firms, cluster formation, training and socialization of best practices, are a must for the desired spill over to the rest of the economy.

Suggested Citation

  • Andrea Tokman, 2010. "Productivity: The Management Enhancement Strategy for Chile," Working Papers 12, Facultad de Economía y Empresa, Universidad Diego Portales.
    • Handle: RePEc:ptl:wpaper:12
    as

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    File URL: http://www.udp.cl/descargas/facultades_carreras/economia/pdf/documentos_investigacion/wp12_tokman.pdf
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    References listed on IDEAS

    as
    1. Nicholas Bloom & Benn Eifert & Aprajit Mahajan & David McKenzie & John Roberts, 2013. "Does Management Matter? Evidence from India," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(1), pages 1-51.
    2. Nicholas Bloom & John Van Reenen, 2007. "Measuring and Explaining Management Practices Across Firms and Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(4), pages 1351-1408.
    3. Edward P. Lazear, 2000. "Performance Pay and Productivity," American Economic Review, American Economic Association, vol. 90(5), pages 1346-1361, December.
    4. Sandra E. Black & Lisa M. Lynch, 2001. "How To Compete: The Impact Of Workplace Practices And Information Technology On Productivity," The Review of Economics and Statistics, MIT Press, vol. 83(3), pages 434-445, August.
    5. Ann P. Bartel & Casey Ichniowski & Kathryn L. Shaw, 2005. "How Does Information Technology Really Affect Productivity? Plant-Level Comparisons of Product Innovation, Process Improvement and Worker Skills," NBER Working Papers 11773, National Bureau of Economic Research, Inc.
    6. Nicholas Bloom & John Van Reenen, 2010. "Why Do Management Practices Differ across Firms and Countries?," Journal of Economic Perspectives, American Economic Association, vol. 24(1), pages 203-224, Winter.
    Full references (including those not matched with items on IDEAS)

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