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Management matters

  • Alexopoulos, Michelle
  • Tombe, Trevor

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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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
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505566

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