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The returns to education: A review of the empirical macro-economic literature

Sianesi, Barbara; Van Reenen, John - 2002

The idea of positive educational externalities is that the benefits of individually acquired education may not be … still largely divided on whether the stock of education affects the long-run level or growth rate of the economy. A one …-year increase in average education is found to raise the level of output per capita by between 3 and 6 percent according to …

Persistent link: https://www.econbiz.de/10010293048

Carbon taxes, path dependency and directed technical change: Evidence from the auto industry

Aghion, Philippe; Dechezleprêtre, Antoine; Hemous, David; … - 2012

Can directed technical change be used to combat climate change? We construct new firm-level panel data on auto industry innovation distinguishing between dirty (internal combustion engine) and clean (e.g. electric and hybrid) patents across 80 countries over several decades. We show that firms...

Persistent link: https://www.econbiz.de/10010294270

Turbulence, Firm Decentralization and Growth in Bad Times

Aghion, Philippe; Bloom, Nicholas; Lucking, Brian; … - 2017

What is the optimal form of firm organization during "bad times"? Using two large micro datasets on firm decentralization from US administrative data and 10 OECD countries, we find that firms that delegated more power from the Central Headquarters to local plant managers prior to the Great...

Persistent link: https://www.econbiz.de/10011653434

What Drives Differences in Management?

Bloom, Nicholas; Brynjolfsson, Erik; Foster, Lucia; … - 2017

Partnering with the Census we implement a new survey of "structured" management practices in 32,000 US manufacturing plants. We find an enormous dispersion of management practices across plants, with 40% of this variation across plants within the same firm. This management variation accounts for...

Persistent link: https://www.econbiz.de/10011653452

Innovation and institutional ownership

Aghion, Philippe; Van Reenen, John; Zingales, Luigi - 2010

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...

Persistent link: https://www.econbiz.de/10010272476

Management as a Technology?

Bloom, Nicholas; Sadun, Raffaella; Van Reenen, John - 2016

Are some management practices akin to a technology that can explain company and national productivity, or do they simply reflect contingent management styles? We collect data on core management practices from over 11,000 firms in 34 countries. We find large cross-country differences in the...

Persistent link: https://www.econbiz.de/10011494359

How special is the special relationship? Using the impact of US R&D spillovers on UK firms as a test of technology sourcing

Griffith, Rachel; Harrison, Rupert; Van Reenen, John - 2004

How much does US-based R&D benefit other countries and through what mechanisms? We test the 'technology sourcing' hypothesis that foreign research labs located on US soil tap into US R&D spillovers and improve home country productivity. Using panels of UK and US firms matched to patent data we...

Persistent link: https://www.econbiz.de/10010293047

Is distance dying at last? Falling home bias in fixed effects models of patent citations

Griffith, Rachel; Lee, Sokbae; Van Reenen, John - 2011

We examine the home bias of knowledge spillovers (the idea that knowledge spreads more slowly over international boundaries than within them) as measured by the speed of patent citations. We present econometric evidence that the geographical localization of knowledge spillovers has fallen over...

Persistent link: https://www.econbiz.de/10010288362

World Management Survey at 18: Lessons and the Way Forward

Scur, Daniela; Sadun, Raffaella; Van Reenen, John; … - 2021

Understanding how differences in management "best practices" affect organizational outcomes has been a focus of both theoretical and empirical work in the fields of management, sociology, economics and public policy. The World Management Survey (WMS) project was born almost two decades ago with...

Persistent link: https://www.econbiz.de/10012498047

Product market competition, creative destruction and innovation

Griffith, Rachel; Van Reenen, John - 2021

We examine the economic analysis of the relationship between innovation and product market competition. First, we give a brief tour of the intellectual history of the area. Second, we examine how the Aghion-Howitt framework has influenced the development of the literature theoretically and...

Persistent link: https://www.econbiz.de/10013193559