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Management Matters

  • Michelle Alexopoulos
  • Trevor Tombe

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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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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