Does competition raise productivity through improving management quality?

Van Reenen, John ORCID: 0000-0001-9153-2907 (2010) Does competition raise productivity through improving management quality? CEP discussion papers (1036). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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Abstract

A classic question in industrial organization is whether competition raises productivity and if so, through what mechanism? I discuss recent empirical evidence from both large-scale databases and specific industries which suggests that tougher competition does indeed raise productivity and one of the main mechanisms is through improving management practices. To establish this, I report on new research seeking to quantify management. I relate this to theoretical perspectives on the economics of competition and management, arguing that management should be seen at least in part as a transferable technology. A range of recent econometric studies suggest that (i) competition increases management quality and (ii) improved management quality boosts productivity.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://cep.lse.ac.uk/_new/publications/abstract.as...
Additional Information:	© 2010 The Author
Divisions:	Economics Centre for Economic Performance
Subjects:	H Social Sciences > HB Economic Theory
JEL classification:	L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior M - Business Administration and Business Economics; Marketing; Accounting > M2 - Business Economics O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O32 - Management of Technological Innovation and R&D O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O33 - Technological Change: Choices and Consequences; Diffusion Processes
Date Deposited:	05 Apr 2011 15:16
Last Modified:	11 Dec 2024 19:01
URI:	http://eprints.lse.ac.uk/id/eprint/33888

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