Management matters

Michelle Alexopoulos and Trevor Tombe

Journal of Monetary Economics, 2012, vol. 59, issue 3, 269-285

Abstract: 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.

Date: 2012
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Working Paper: Management Matters (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:59:y:2012:i:3:p:269-285

DOI: 10.1016/j.jmoneco.2012.03.002

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