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Bloom, Nicholas - 2017

of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence … productivity is declining sharply. A good example is Moore's Law. The number of researchers required today to achieve the famous … increases in research effort that offset its declining productivity …

Persistent link: https://www.econbiz.de/10012948079

Trapped Factors and China's Impact on Global Growth

Bloom, Nicholas - 2014

In a general equilibrium product-cycle model, lower trade barriers increase Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation,...

Persistent link: https://www.econbiz.de/10013057413

Innovation, Reallocation and Growth

Acemoglu, Daron - 2014

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

Persistent link: https://www.econbiz.de/10013064072

Does Working from Home Work? Evidence from a Chinese Experiment

Bloom, Nicholas - 2014

About 10% of US employees now regularly work from home (WFH), but there are concerns this can lead to "shirking from home." We report the results of a WFH experiment at CTrip, a 16,000- employee, NASDAQ-listed Chinese travel agency. Call center employees who volunteered to WFH were randomly...

Persistent link: https://www.econbiz.de/10013064397

The Organization of Firms Across Countries

Bloom, Nicholas - 2012

We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity …

Persistent link: https://www.econbiz.de/10013116932

Really Uncertain Business Cycles

Bloom, Nicholas - 2014

We propose uncertainty shocks as a new shock that drives business cycles. First, we demonstrate that microeconomic uncertainty is robustly countercyclical, rising sharply during recessions, particularly during the Great Recession of 2007-2009. Second, we quantify the impact of time-varying...

Persistent link: https://www.econbiz.de/10013065796

Human Resource Management and Productivity

Bloom, Nicholas - 2014

productivity. HRM includes incentive pay (individual and group) as well as many non-pay aspects of the employment relationship such … literature on management practices and productivity. We start with some facts on levels and trends of both HRM and productivity … regulation. The largest section analyses the impact of HRM on productivity emphasizing issues of methodology, data and results …

Persistent link: https://www.econbiz.de/10013069842

Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, it and Productivity

Bloom, Nicholas - 2015

We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million firms over 1996-2007 across twelve European countries. We correct for endogeneity using the removal of product-specific quotas following China's entry into the World Trade...

Persistent link: https://www.econbiz.de/10013038317

The New Empirical Economics of Management

Bloom, Nicholas - 2014

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...

Persistent link: https://www.econbiz.de/10013054045

Do Management Interventions Last? Evidence from India

Bloom, Nicholas - 2018

Beginning in 2008, we ran a randomized controlled trial that changed management practices in a set of Indian weaving firms (Bloom et al. 2013). In 2017 we revisited the plants and found three main results. First, while about half of the management practices adopted in the original experimental...

Persistent link: https://www.econbiz.de/10012929007