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The New Empirical Economics of Management

Listed author(s):
  • Nicholas Bloom
  • Renata Lemos
  • Raffaella Sadun
  • Daniela Scur
  • John Van Reenen

Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across multiple sectors and countries. We developed the survey to try to explain the large and persistent TFP differences across firms and countries. This review paper discusses what has been learned empirically and theoretically from the WMS and other recent work on management practices. Our preliminary results suggest that about a quarter of cross-country and within-country TFP gaps can be accounted for by management practices. Management seems to matter both qualitatively and quantitatively. Competition, governance, human capital and informational frictions help account for the variation in management. We make some suggestions for both policy and future research.

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File URL: http://cep.lse.ac.uk/pubs/download/occasional/op041.pdf
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Paper provided by Centre for Economic Performance, LSE in its series CEP Occasional Papers with number 41.

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Date of creation: Apr 2014
Handle: RePEc:cep:cepops:41
Contact details of provider: Web page: http://cep.lse.ac.uk/_new/publications/series.asp?prog=CEPOP

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  13. John Van Reenen, 2010. "Does Competition Raise Productivity Through Improving Management Quality?," CEP Discussion Papers dp1036, Centre for Economic Performance, LSE.
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