Management matters
成果类型:
Article
署名作者:
Alexopoulos, Michelle; Tombe, Trevor
署名单位:
University of Toronto; Wilfrid Laurier University
刊物名称:
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN:
0304-3932
DOI:
10.1016/j.jmoneco.2012.03.002
发表日期:
2012
页码:
269-285
关键词:
摘要:
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. (C) 2012 Elsevier B.V. All rights reserved.
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