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Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry

Aghion, Philippe; Dechezleprêtre, Antoine; Hemous, David; … - Centre for Economic Performance, LSE - 2012

innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …

Persistent link: https://www.econbiz.de/10010945141

Innovation and Institutional Ownership

Aghion, Philippe; Reenen, John Van; Zingales, Luigi - Centre for Economic Performance, LSE - 2009

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …

Persistent link: https://www.econbiz.de/10005670440

Americans Do I.T. Better: US Multinationals and the Productivity Miracle

Bloom, Nick; Sadun, Raffaella; Reenen, John Van - Centre for Economic Performance, LSE - 2007

The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that intensively use information technologies (IT). This has not occurred in Europe. If the US "productivity miracle" is due to a natural advantage of being located in the US then we...

Persistent link: https://www.econbiz.de/10005797201

Uncertainty and the Dynamics of R&D

Bloom, Nick - Centre for Economic Performance, LSE - 2007

Uncertainty varies strongly over time, rising by 50% to 100% in recessions and by up to 200% after major economic and political shocks. This paper shows that higher uncertainty reduces the responsiveness of R&D to changes in business conditions - a "caution-effect" - making it more persistent...

Persistent link: https://www.econbiz.de/10005797320

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

Bloom, Nick; Genakos, Christos; Martin, Ralf; Sadun, … - Centre for Economic Performance, LSE - 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/10005796122

New Approaches to Measuring Management and Firm Organization

Bloom, Nick; Reenen, John Van - Centre for Economic Performance, LSE - 2010

We detail the methodology that we have been using to quantify managerial and organizational practices across firms and countries in recent years. This has been used in many pieces of research at the Centre for Economic Performance. We discuss the pros and cons of such survey tools, describing...

Persistent link: https://www.econbiz.de/10008542741

Does Product Market Competition Lead Firms to Decentralize?

Bloom, Nick; Sadun, Raffaella; Reenen, John Van - Centre for Economic Performance, LSE - 2010

There is a widespread sense that over the last two decades firms have been decentralizing decisions to employees further down the managerial hierarchy. Economists have developed a range of theories to account for delegation, but there is less empirical evidence, especially across countries. This...

Persistent link: https://www.econbiz.de/10008542745

The Distinct Effects of Information Technology and Communication Technology on Firm Organization

Bloom, Nick; Garicano, Luis; Sadun, Raffaella; Reenen, … - Centre for Economic Performance, LSE - 2009

Guided by theories of management by exception, we study the impact of Information and Communication Technology on worker and plant manager autonomy and on span of control. We find, using an original dataset of American and European manufacturing firms, that better information technologies...

Persistent link: https://www.econbiz.de/10005256466

The Organization of Firms Across Countries

Bloom, Nick; Sadun, Raffaella; Reenen, John Van - Centre for Economic Performance, LSE - 2009

We argue that social capital as proxied by trust increases aggregate productivity by affecting the organization of firms. To do this we collect new data on the decentralization of investment, hiring, production, and sales decisions from Corporate Headquarters to local plant managers in almost...

Persistent link: https://www.econbiz.de/10005256468

Technology, Information and the Decentralization of the Firm

Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; … - Centre for Economic Performance, LSE - 2006

This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...

Persistent link: https://www.econbiz.de/10005151064