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The new empirical economics of management

Bloom, Nicholas, Sadun, Raffaella, Lemos, Renata, Scur, Daniela and Van Reenen, John (2014) The new empirical economics of management. CEP Occasional Papers (CEPOP41). The London School of Economics and Political Science, Center of Economic Performance, London, UK.

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Abstract

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 been learned empirically and theoretically from the WMS and other recent work on management practices. Our preliminary results suggest that about a quarter of cross-country and within-country TFP gaps can be accounted for by management practices. Management seems to matter both qualitatively and quantitatively. Competition, governance, human capital and informational frictions help account for the variation in management. We make some suggestions for both policy and future research.

Item Type: Monograph (Report)
Official URL: http://cep.lse.ac.uk/
Additional Information: © 2014 The Authors
Divisions: Economics
Centre for Economic Performance
Subjects: H Social Sciences > HB Economic Theory
Sets: Departments > Economics
Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 18 Jul 2014 11:12
Last Modified: 20 Nov 2019 13:02
Funders: Economic and Social Research Council, International Growth Center, National Science, UK Department of Business, Petroleum Exploration and Development License (PEDL)
URI: http://eprints.lse.ac.uk/id/eprint/58009

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