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The Impact of Uncertainty Shocks
Bloom, Nicholas - 2007
investment and hiring. Productivity growth also falls because this pause in activity freezes reallocation across units. In the … medium term the increased volatility from the shock induces an overshoot in output, employment and productivity. Thus, second …
Persistent link: https://www.econbiz.de/10012465265
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Managing Trade : Evidence from China and the US
Bloom, Nicholas - 2018
We present a heterogeneous-firm model in which management ability increases both production efficiency and product quality. Combining six micro-datasets on management practices, production and trade in Chinese and American firms, we find broad support for the model's predictions. First, better...
Persistent link: https://www.econbiz.de/10012453002
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Management Practices, Workforce Selection and Productivity
Bender, Stefan - 2016
Recent research suggests that much of the cross-firm variation in measured productivity is due to differences in use of … longitudinal earnings records for their employees to study the relationship between productivity, management, worker ability, and … and firm-level productivity in Germany. In our preferred TFP estimates only a small fraction of this correlation is …
Persistent link: https://www.econbiz.de/10012456573
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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/10012458562
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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/10012458713
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Innovation, Reallocation and Growth
Acemoglu, Daron - 2013
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10012459669