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Knowledge-based Hierarchies: Using Organizations to Understand the Economy

Luis Garicano () and Esteban Rossi-Hansberg ()

No 20607, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We argue that incorporating the decision of how to organize the acquisition, use, and communication of knowledge into economic models is essential to understand a wide variety of economic phenomena. We survey the literature that has used knowledge-based hierarchies to study issues like the evolution of wage inequality, the growth and productivity of firms, economic development, the gains from international trade, as well as offshoring and the formation of international production teams, among many others. We also review the nascent empirical literature that has, so far, confirmed the importance of organizational decisions and many of its more salient implications.

JEL-codes: D2 E24 F6 J3 L2 O4 (search for similar items in EconPapers)
Date: 2014-10
New Economics Papers: this item is included in nep-knm and nep-mac
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Published as Luis Garicano & Esteban Rossi-Hansberg, 2015. "Knowledge-Based Hierarchies: Using Organizations to Understand the Economy," Annual Review of Economics, Annual Reviews, vol. 7(1), pages 1-30, 08.

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Journal Article: Knowledge-Based Hierarchies: Using Organizations to Understand the Economy (2015) Downloads
Working Paper: Knowledge-based Hierarchies: Using Organizations to Understand the Economy (2014) Downloads
Working Paper: Knowledge-based hierarchies: using organizations to understand the economy (2014) Downloads
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