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Abstract:

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CEP Occasional Paper
The New Empirical Economics of Management
Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur and John Van Reenen
April 2014
Paper No' CEPOP41:
Full Paper (pdf)

JEL Classification: L2; M2; O14; O32; O33


Tags: management; organization; productivity

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. We make some suggestions for both policy and future research.

This paper has been published as:
JEEA-FBBVA Lecture 2013: The New Empirical Economics of Management, Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur and John Van Reenen, Journal of the European Economic Association, Volume 12, Issue , August 2014