The Long-Term Effects of Management and Technology Transfers

• 成果类型: Article
• 署名作者: Giorcelli, Michela
• 署名单位: University of California System; University of California Los Angeles; National Bureau of Economic Research
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20170619
• 发表日期: 2019
• 页码: 121-152
• 关键词: trade liberalization; PRODUCTIVITY; spillovers; selection; wages; FIRMS

摘要

This paper examines the long-run causal effects of management on firm performance. Under the United States Technical Assistance and Productivity Program (1952-1958), the United States organized management training trips for Italian managers to US firms and granted technologically advanced machines to Italian companies. I exploit an unexpected budget cut that reduced the number of participating firms and find that, compared to businesses excluded by the budget cut: performance of Italian firms that sent their managers to the United States increased for at least fifteen years after the program; performance of companies that received new machines increased, but flattened out over time; management and new machines were complementary.