Michelle Alexopoulos () and
Trevor Tombe ()
Working Papers from University of Toronto, Department of Economics
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.
Keywords: Business Cycles; Productivity; Management techniques; Technical Change (search for similar items in EconPapers)
JEL-codes: E3 M1 M5 O3 O4 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-eff and nep-mac
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Journal Article: Management matters (2012)
Working Paper: Management Matters (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:tor:tecipa:tecipa-406
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