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Management Matters

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  • Michelle Alexopoulos
  • Trevor Tombe

Abstract

New indications of managerial innovations are created and then used to show that changes in organizational technologies are an important source of economic growth. Specifically, the analysis demonstrates that, first, in response to a positive managerial technology shock, output, productivity and hours significantly increase in the short run, second, these types of innovations are as important as non-managerial ones in explaining movements in these variables at business cycle frequencies, and, third, product and process innovations promote the development of new managerial techniques.

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Bibliographic Info

Paper provided by University of Toronto, Department of Economics in its series Working Papers with number tecipa-406.

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Length: 44 pages
Date of creation: 21 Jun 2010
Date of revision:
Handle: RePEc:tor:tecipa:tecipa-406

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Keywords: Business Cycles; Productivity; Management techniques; Technical Change;

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References

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Cited by:
  1. Nicholas Bloom & Renata Lemos & Raffaella Sadun & Daniela Scur & John Van Reenen, 2014. "The New Empirical Economics of Management," Discussion Papers, Stanford Institute for Economic Policy Research 13-031, Stanford Institute for Economic Policy Research.
  2. Rahaman, Mohammad M. & Zaman, Ashraf Al, 2013. "Management quality and the cost of debt: Does management matter to lenders?," Journal of Banking & Finance, Elsevier, Elsevier, vol. 37(3), pages 854-874.
  3. Aivazian, Varouj A. & Lai, Tat-kei & Rahaman, Mohammad M., 2013. "The market for CEOs: An empirical analysis," Journal of Economics and Business, Elsevier, Elsevier, vol. 67(C), pages 24-54.

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