GalleryFirms with more structured management practices are more productive, innovative and have faster employment growth.
In 2010, the US Census Bureau conducted the first large-scale survey of management practices in America, gathering data on more than 30,000 manufacturing plants. Nicholas Bloom and colleagues find strong links between establishments’ performance and the quality of their systems of monitoring, targets and incentives.
Business schools have long stressed the importance of good management, but until recently economists have […]
Higher policy uncertainty curbs business investment and employment growth
Higher policy uncertainty curbs business investment and employment growth
The years following the global economic crisis of 2008-2009 have been marked by policy uncertainty, both in the US and across the world. In new research, Scott R. Baker, Nicholas Bloom, and Steven Davis develop an index of economic policy uncertainty to examine how this uncertainty shapes economic outcomes. Using data going back to 1900 and extending coverage to […]