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The New Empirical Economics of Management

Nicholas Bloom (), Renata Lemos, Raffaella Sadun (), Daniela Scur () and John van Reenen ()

No 20102, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: E23 M1 M11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-hrm, nep-mac and nep-tid
Date: 2014-05
Note: DEV EFG IO ITI LS PE PR
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Related works:
Working Paper: The New Empirical Economics of Management (2014) Downloads
Working Paper: The new empirical economics of management (2014) Downloads
Working Paper: The new empirical economics of management (2014) Downloads
Working Paper: The New Empirical Economics of Management (2014) Downloads
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