The Management of Organisations as a Target for Productivity Gains in Australia: Intellectual Assets

Christina Boedker, Kieron Meagher, Richard Vidgen, Julie Cogin and Jan Mouritsen

No 691, CEPR Discussion Papers from Centre for Economic Policy Research, Research School of Economics, Australian National University

Abstract: Discussion around total factor productivity gains for the Australian Economy often focuses on infrastructure bottlenecks, technology adoption, competition and labour market flexibility. Although a potential area for gains, management is typically omitted from the public policy debate because it is considered too hard to quantify and as a result there is no concrete case for improvement. In this paper we describe our approach to measuring management as a productivity driver in service firms, developed as part of a study commissioned by the Australian Commonwealth Government. Management, as measured by internal stocks of intellectual assets are significantly related with higher productivity: our analysis predicts that a low performing firm could realise an increase in productivity of up to 13.3% if it were to improve its intellectual asset. However, after controlling for intellectual assets competition and ownership structure are not significant determinants of firm level productivity. We also discuss policy initiatives available to policy makers.

Keywords: productivity; service industries; public policy; intellectual assets; management (search for similar items in EconPapers)
Date: 2014-07
New Economics Papers: this item is included in nep-cse, nep-eff, nep-ipr and nep-pr~
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.cbe.anu.edu.au/researchpapers/CEPR/DP691.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:auu:dpaper:691

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research, Research School of Economics, Australian National University Contact information at EDIRC.
Bibliographic data for series maintained by ().