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Bloom, Nicholas - 2017

In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that...

Persistent link: https://www.econbiz.de/10012453929

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

Bloom, Nicholas - 2011

effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …

Persistent link: https://www.econbiz.de/10012461940

Modern Management : Good for the Environment or just Hot Air?

Bloom, Nicholas - 2008

We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then match this management data to production and energy usage information for establishments owned by these firms. We find that establishments in better managed firms are significantly...

Persistent link: https://www.econbiz.de/10012464253

Competition and Innovation : An Inverted U Relationship

Aghion, Philippe - 2002

This paper investigates the relationship between product market competition (PMC) and innovation. A growth model is … reduce innovation incentives for laggards. There are four key predictions. First, the relationship between product market … competition (PMC) and innovation is an inverted U-shape. Second, the equilibrium degree of technological neck-and-neckness' among …

Persistent link: https://www.econbiz.de/10012469440

Trapped Factors and China's Impact on Global Growth

Bloom, Nicholas - 2014

-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, generating an additional trapped factor effect. Starting from a baseline …

Persistent link: https://www.econbiz.de/10012458713

Remote Work across Jobs, Companies, and Space

Hansen, Stephen; Lambert, Peter; Bloom, Nicholas; … - National Bureau of Economic Research - 2023

The pandemic catalyzed an enduring shift to remote work. To measure and characterize this shift, we examine more than 250 million job vacancy postings across five English-speaking countries. Our measurements rely on a state-of-the-art language-processing framework that we fit, test, and refine...

Persistent link: https://www.econbiz.de/10014247927

The Evolution of Work from Home

Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J. - National Bureau of Economic Research - 2023

discuss some implications of the big shift for pay, productivity, and the pace of innovation. Over the next five years, U …

Persistent link: https://www.econbiz.de/10014372443

Optimal long-term contracting with learning

He, Zhiguo; Wei, Bin; Yu, Jianfeng; Gao, Feng - 2016

We introduce uncertainty into Holmstrom and Milgrom (1987) to study optimal long-term contracting with learning. In a dynamic relationship, the agent's shirking not only reduces current performance but also increases the agent’s information rent due to the persistent belief manipulation...

Persistent link: https://www.econbiz.de/10011557712

Pandemic-era uncertainty on Main Street and Wall Street

Meyer, Brent; Mihaylov, Emil; Davis, Steven J.; Parker, … - 2021

We draw on the monthly Survey of Business Uncertainty (SBU) to make three observations about pandemic-era uncertainty in the U.S. economy. First, equity market traders and executives of nonfinancial firms share similar assessments about uncertainty at one-year lookahead horizons. That is, the...

Persistent link: https://www.econbiz.de/10012416311

Surveying business uncertainty

Altig, David; Barrero, Jose Maria; Bloom, Nicholas; … - 2019

We develop a new monthly panel survey of business executives and a new question design that elicits subjective probability distributions over own-firm outcomes at a one-year lookahead horizon. Our Survey of Business Uncertainty (SBU) began in 2014 and now covers 1,500 firms drawn from all 50...

Persistent link: https://www.econbiz.de/10012020039