Journals
Findings from POID's academic research are first published in our open-access discussion paper series. Our briefing papers provide a synthesis of key facts and insights. We also publish in peer-reviewed academic journals and produce blogs and reports.
All Journals
Journal article
Management Science
How do chief executive officers make strategy?
We survey 262 chief executive officer (CEO) alumni of Harvard Business School and gather evidence on three aspects of each executive?s strategy practice: how formalized it is, how it is developed, and how it is implement...Read more
Nicholas Bloom, Michael Christensen, Jan Rivkin, Raffaella Sadun and Mu-Jeung Yang
1 June 2026
Journal article
Journal of Policy Modeling
Social policy gone bad educationally: unintended peer effects from transferred students
What is the impact of an increase of lower-ability students in a university class? We examine a natural experiment in which students from large, low-income families had the chance to transfer to academic programs at a lo...Read more
Christos Genakos and Eleni Kyrkopoulou
1 March 2026
Journal article
International Journal of Industrial Organization
What is the "right" geographic market definition?
This paper examines the "right" geographic definition of relevant markets by analyzing how excise tax pass-through varies with local competition in the retail gasoline market of a large metropolitan city. Using a natural...Read more
Christos Genakos and Themistoklis Kampouris
29 January 2026
Journal article
Energy Economics
Firm climate investment: a glass half-full
The green transition will require large investments from firms, yet little is known about the scale and drivers of climate-related capital expenditure across the UK economy. To address this gap, we draw on a large, repre...Read more
Nicholas Bloom, Philip Bunn, Paul Mizen, Prachi Srivastava, Gregory Thwaites and Ivan Yotzov
23 December 2025
Journal article
Journal of Political Economy
Opening up military innovation: causal effects of reforms to US defense research
For governments procuring innovation, one choice is whether to specify desired products (a conventional approach) or allow firms to suggest ideas (an open approach). Using a US Air Force R&D grant program where open and ...Read more
Sabrina T. Howell, Jason Rathje, John Van Reenen and Jun Wong
1 November 2025
Journal article
Journal of Labor Economics
Technological change and domestic outsourcing
Domestic outsourcing has grown substantially in developed countries over the past two decades. This paper addresses the question of the technological drivers of this phenomenon by studying the impact of the staggered dif...Read more
Antonin Bergeaud, Clement Malgouyres, Clement Mazet-Sonilhac and Sara Signorelli
21 August 2025
Journal article
Management Science
Communication within firms: evidence from CEO turnovers
This paper uses novel, firm-level communication measures derived from communications metadata several months before and after a CEO transition for 102 firms to study whether and how this organizational event is reflected...Read more
Stephen Michael Impink, Andrea Prat and Raffaella Sadun
5 April 2025
Journal article
The Economic Journal
Employer screening and optimal unemployment insurance
Field experiments show that employers are less likely to consider long-term unemployed job-seekers for interviews. We study the implications for optimal unemployment insurance (UI). Based on a structural model of job sea...Read more
Mario Meier and Tim Obermeier
1 April 2025
Journal article
The Review of Economics and Statistics
The intellectual spoils of war? Defense R&D, productivity, and international spillovers
We examine the impact of government funding for R&D?and defense-related R&D in particular?on privately conducted R&D, and its ultimate effect on productivity growth. We estimate longitudinal models that relate privately ...Read more
Enrico Moretti, Claudia Steinwender and John Van Reenen
3 January 2025
Journal article
American Economic Review
Five facts about MPCs: evidence from a randomized experiment
We present five facts from an experiment on the marginal propensity to consume (MPC) out of transitory transfers: (1) the one-month MPC on a cash-like transfer is 23 percent; (2) it is substantially higher (61 percent) o...Read more
Johannes Boehm, Etienne Fize and Xavier Jaravel
1 January 2025
Journal article
The Econometrics Journal
Design-based identification with formula instruments: a review
Many studies in economics use instruments or treatments that combine a set of exogenous shocks with other predetermined variables via a known formula. Examples include shift-share instruments and measures of social or sp...Read more
Kirill Borusyak, Peter Hull and Xavier Jaravel
1 January 2025
Journal article
PNAS
How working from home reshapes cities
In recent decades, economic activity has become increasingly concentrated in major global metropolises. Yet, the rise of working from home threatens this dominance of cities. Using multiple high-frequency datasets on spe...Read more
Joel Alcedo, Nicholas Bloom and Arjun Ramani
5 November 2024
Journal article
PNAS
The international empirics of management
A country's national income broadly depends on the quantity and quality of workers and capital. But how well these factors are managed within and between firms may be a key determinant of a country's productivity and its...Read more
Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur and John Van Reenen
1 November 2024
Journal article
The Review of Economic Studies
Revisiting event study designs: robust and efficient estimation
We develop a framework for difference-in-differences designs with staggered treatment adoption and heterogeneous causal effects. We show that conventional regression-based estimators fail to provide unbiased estimates of...Read more
Kirill Borusyak, Xavier Jaravel and Jann Spiess
1 November 2024
Journal article
Journal of Public Economics
Organizational capacity and profit shifting
Good organizational capacity drives productivity and potential taxable profits, but may also enable multinationals (MNEs) to more efficiently re-allocate profits across tax jurisdictions, lowering actual taxable profits....Read more
Katarzyna Bilicka and Daniela Scur
1 October 2024
Journal article
Journal of the Association of Environmental and Resource Economists,
Management practices and climate policy in China
We investigate how management quality moderates the impact of carbon pricing on Chinese firms. Based on interviews with managers and lead engineers at manufacturing firms in Hubei and Beijing, we construct a novel index ...Read more
Jing Cao, Soo Keong Yong, Ralf Martin, Mirabelle Muuls, Peiyao Shen, Ulrich J. Wagner and Laure B. de Preux
1 September 2024
Journal article
Oxford Open Economics
Firms and inequality
We review the existing literature on falling business dynamism and present a new analysis using comprehensive UK firm-level panel data. Since the mid-1990s, there has been a large increase in UK firm-level inequality (es...Read more
Jan De Loecker, Tim Obermeier and John Van Reenen
17 July 2024
Journal article
Oxford Open Economics
Innovation and inequalities
Innovation is a key source of sustainable growth, but it can affect inequalities in many ways?increasing some inequalities and decreasing others. The impact of any particular innovation on inequalities will depend import...Read more
Philippe Aghion and Rachel Griffith
17 July 2024
Journal article
Review of Economics and Statistics
A year older, a year wiser (and farther from frontier): invention rents and human capital depreciation
We look at how the arrival of an invention affects wage returns and the probability of moving out of employment for white- and blue-collar co-workers of the inventor. First results suggest that older workers are hurt by ...Read more
Philippe Aghion, Ufuk Akcigit, Ari Hyytinen and Otto Toivanen
8 July 2024
Journal article
Economica
Do management practices matter in further education?
Further education and sixth form colleges are key institutions for facilitating skill acquisition among 16-19 year olds in the UK. They enrol half a school cohort after completion of their lower secondary education, and ...Read more
Sandra McNally, Luis Schmidt and Anna Valero
1 July 2024
Journal article
Journal of International Economics
Are trade wars class wars? The importance of trade-induced horizontal inequality
What is the nature of the distributional effects of trade? This paper demonstrates conceptually and empirically the importance of ?trade-induced horizontal inequality,? i.e. inequality that occurs among workers with the ...Read more
Kirill Borusyak and Xavier Jaravel
1 July 2024
Journal article
The Economic Journal
Personnel management and school productivity: evidence from India
This paper uses new data to study school management and productivity in India. We report five main results. First, management quality in public schools is low, and -2 standard deviations below high-income countries with ...Read more
Renata Lemos, Karthik Muralidharan and Daniela Scur
1 July 2024
Journal article
Nature
Hybrid working from home improves retention without damaging performance
Working from home has become standard for employees with a university degree. The most common scheme, which has been adopted by around 100 million employees in Europe and North America, is a hybrid schedule, in which ind...Read more
Nicholas Bloom, Ruobing Han and James Liang
12 June 2024
Journal article
International Economic Review
2020 Klein lecture-investment and subjective uncertainty
A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers' subjective uncertainty. We address this challenge by using a detailed survey measure of uncertainty collec...Read more
Nicholas Bloom, Steven J. Davis, Lucia Foster, Scott W. Ohlmacher and Itay Saporta-Eksten
21 May 2024
Journal article
The Review of Economics and Statistics
The heterogeneous impact of market size on innovation: evidence from French firm-level exports
We analyze how demand conditions faced by a firm in its export markets affect its innovation decisions. We exploit exogenous firm-level export demand shocks and find that firms respond by patenting more; furthermore, thi...Read more
Philippe Aghion, Antonin Bergeaud, Matthieu Lequien and Marc J. Melitz
14 May 2024
Journal article
American Economic Journal: Economic Policy
Opposing firm-level responses to the China shock: output competition versus input supply
We decompose the "China shock" into two components that induce different adjustments for firms exposed to Chinese exports: an output shock affecting firms selling goods that compete with similar imported Chinese goods, a...Read more
Philippe Aghion, Antonin Bergeaud, Matthieu Lequien, Marc J. Melitz and Thomas Zuber
1 May 2024
Journal article
The Review of Economic Studies
Using disasters to estimate the impact of uncertainty
Uncertainty rises in recessions and falls in booms. But what is the causal relationship? We construct cross-country panel data on stock market returns to proxy for first- and second-moment shocks and instrument these wit...Read more
Scott R. Baker, Nicholas Bloom and Stephen Terry
1 March 2024
Journal article
Advances in Health Care Management
Safe surgery checklist implementation: associations of management practice and safety culture change
Designing and developing safe systems has been a persistent challenge in health care, and in surgical settings in particular. In efforts to promote safety, safety culture, i.e., shared values regarding safety management,...Read more
Alex Haynes, Sophie Higgins, Raffaella Sadun, Sara J Singer and Maike Tietschert
7 February 2024
Journal article
Journal of the European Economic Association
Come together: firm boundaries and delegation
We jointly study firm boundaries and the allocation of decision rights within them by confronting an incomplete-contracts model with data on vertical integration and delegation for thousands of firms around the world. In...Read more
Laura Alfaro, Nicholas Bloom, Paola Conconi, Harald Fadinger, Patrick Legros, Andrew F. Newman, Raffaella Sadun and John Van Reenen
1 February 2024
Journal article
The Quarterly Journal of Economics
Measuring growth in consumer welfare with income-dependent preferences: nonparametric methods and estimates for the United States
How should we measure changes in consumer welfare given observed data on prices and expenditures? This article proposes a nonparametric approach that holds under arbitrary preferences that may depend on observable consum...Read more
Xavier Jaravel and Danial Lashkari
1 February 2024
Journal article
Research Policy
A new dataset to study a century of innovation in Europe and in the US
Innovation is an important driver of potential growth but quantitative evidence on the dynamics of innovative activities in the long-run are hardly documented due to the lack of data, especially in Europe. In this paper,...Read more
Antonin Bergeaud and Cyril Verluise
1 January 2024
Journal article
PLoS ONE
Identifying technology clusters based on automated patent landscaping
We introduce a new general methodological approach for accurately and consistently retrieving a large set of patents related to specific technologies. We build upon the automated patent landscaping algorithm by incorpora...Read more
Antonin Bergeaud and Cyril Verluise
14 December 2023
Journal article
IPPR Progressive Review
Embedding green industrial policy in a growth strategy for the UK
In this article, we consider the role of a modern industrial strategy - coordinating a range of `industrial policies' - in shaping such an approach. How can the UK, an open and service-based economy with a small domestic...Read more
Anna Valero and John Van Reenen
20 November 2023
Journal article
The Review of Economic Studies
A theory of falling growth and rising rents
Growth has fallen in the U.S. amid a rise in firm concentration. Market share has shifted to low labour share firms, while within-firm labour shares have actually risen. We propose a theory linking these trends in which ...Read more
Philippe Aghion, Antonin Bergeaud, Timo Boppart, Peter J. Klenow and Huiyu Li
6 November 2023
Journal article
American Economic Review
The impact of regulation on innovation
We present a framework that can be used to assess the equilibrium impact of regulation on endogenous innovation with heterogeneous firms. We implement this model using French firm-level panel data, where there is a sharp...Read more
Philippe Aghion, Antonin Bergeaud and John Van Reenen
1 November 2023
Journal article
Journal of Labor Economics
Long social distancing
Many Americans continued some forms of social distancing after the pandemic. This phenomenon is stronger among older persons, less educated individuals, and those who interact daily with persons at high risk from infecti...Read more
Jose Maria Barrero, Nicholas Bloom and Steven J. Davis
1 October 2023
Journal article
Labour Economics
The effect of preserving job matches during a crisis
It is generally difficult to measure the importance of preserving worker-firm relationships, particularly for low-wage jobs that involve general skills. The COVID-19 pandemic led to the sudden and seemingly temporary dis...Read more
Morten Bennedsen, Birthe Larsen, Ian M. Schmutte and Daniela Scur
1 October 2023
Journal article
Journal of Economic Perspectives
The evolution of work from home
Full days worked at home account for 28 percent of paid workdays among Americans 20?64 years old, as of mid-2023. That's about four times the 2019 rate and ten times the rate in the mid-1990s. We first explain why the bi...Read more
Jose Maria Barrero, Nicholas Bloom and Steven J. Davis
1 October 2023
Journal article
European Review
The creative destruction approach to growth economics
In this article we introduce the Schumpeterian growth paradigm, where growth results from innovations that render previous innovations obsolete. We show how this paradigm can be used to elucidate enigmas in recent growth...Read more
Philippe Aghion and Peter Howitt
8 September 2023
Journal article
Journal of Economic Behavior and Organization
Is having an expert "friend" enough? An analysis of consumer switching behavior in mobile telephony
We present novel evidence from a large panel of UK consumers who receive personalized reminders from a specialist price-comparison website about the precise amount they could save by switching to their best-suited altern...Read more
Christos Genakos, Costas Roumanias and Tommaso Valletti
1 September 2023
Journal article
The Economic Journal
Unraveling firms: demand, productivity and markups heterogeneity
We develop a novel framework that simultaneously allows recovering heterogeneity in demand, quantity TFP and markups across firms while leaving the correlation between the three dimensions unrestricted. We accomplish thi...Read more
Emanuele Forlani, Ralf Martin, Giordano Mion and Mirabelle Muuls
1 August 2023
Journal article
Applied Economics Letters
Telework and productivity: insights from an original survey
Using a unique dataset of approximately 1,400 French manufacturing firms, this study provides insights into their utilization of telework in 2019. Our findings reveal firms that engaged in telework benefit from a Total F...Read more
Antonin Bergeaud, Gilbert Cette and Simon Drapala
7 May 2023
Journal article
AEA Papers and Proceedings
The local labor market effects of modern manufacturing capital: evidence from France
Using an event study methodology and comprehensive micro data from the French manufacturing sector, we analyze the local labor market effects of investments in modern manufacturing capital, including modern automation te...Read more
Philippe Aghion, Celine Antonin, Simon Bunel and Xavier Jaravel
1 May 2023
Journal article
Managerial and Decision Economics
Evaluating merger effects
This paper proposes a new algorithm to identify the potential effect of mergers by comparing the outcomes of interest in areas of overlap for the merging parties vis-a-vis areas where no overlap exists within a differenc...Read more
Christos Genakos, Andreas Lamprinidis and James Walker
23 April 2023
Journal article
Research Policy
Global value chains and domestic innovation
This paper explores how changes in both position and participation in Global Value Chain (GVC) networks affect firm innovation. The analysis combines matched patent-firm data for Japan with measures of GVC network centra...Read more
Antonin Bergeaud, Chiara Criscuolo, Kenta Ikeuchi, Keiko Ito and Jonathan Timmis
1 April 2023
Journal article
Transportation Research Part F: Traffic Psychology and Behaviour
Perceptions related to engaging in non-driving activities in an automated vehicle while commuting: a text mining approach
Automated vehicles (AVs) offer human operators the opportunity to participate in non-driving activities while on the move. In this study, we examined and compared drivers' perception of non-driving activities in two driv...Read more
Linda Ng Boyle, Andrew L. Kun, John D Lee, Raffaella Sadun, Orit Shaer and Yilun Xing
8 March 2023
Journal article
Regional Science and Urban Economics
Working from home and corporate real estate
We examine how corporate real estate market participants adjust to the take-off of teleworking. We develop an index for the exposure of counties to teleworking in France by combining teleworking capacity with incentives ...Read more
Antonin Bergeaud, Jean Benoit Eymeoud, Thomas Garcia and Dorian Henricot
1 March 2023
Journal article
International Economic Review
2022 Klein Lecture - Parental education and invention: the Finnish enigma
Why is invention strongly positively correlated with parental income not only in the United States but also in Finland, which displays low income inequality and high social mobility? Using data on 1.45 M Finnish individu...Read more
Philippe Aghion, Ufuk Akcigit, Ari Hyytinen and Otto Toivanen
16 February 2023
Journal article
Brookings Papers on Economic Activity
Working from home around the world
The pandemic triggered a large, lasting shift to work from home (WFH). To study this shift, we survey full-time workers who finished primary school in twenty-seven countries as of mid-2021 and early 2022. Our cross-count...Read more
Cevat Giray Aksoy, Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Mathias Dolls and Pablo Zarate
1 January 2023
Journal article
Economie et Statistique
Recruitment difficulties and firms' characteristics: an analysis of French company data
This article uses a survey conducted in 2019 among companies in the manufacturing sector on recruitment difficulties they may encounter. By linking this information with the companies' income statements, we show that the...Read more
Antonin Bergeaud, Gilbert Cette and Joffery Stary
1 January 2023
Journal article
Economie et Statistique
Telework and productivity before, during and after the Covid-19 crisis
We use the data from a Banque de France survey, carried out among French companies about their use of telework in 2019 and during the first lockdown in the spring of 2020. Combining this with detailed information regardi...Read more
Antonin Bergeaud, Gilbert Cette and Simon Drapala
1 January 2023
Journal article
NEJM Catalyst
The role of state policy in fostering health information exchange in the United States
It is widely agreed that health information sharing holds enormous potential to improve health care productivity. Although the adoption of electronic health records in the United States over the past 15 years has been im...Read more
Ari Bronsoler, Joseph Doyle, Cason Schmit and John Van Reenen
21 December 2022
Journal article
Quantitative Economics
Income dynamics in the United Kingdom and the impact of the Covid-19 recession
In this paper, we use an employer-based survey of earnings and hours to set out the key patterns in UK earnings dynamics from 1975 to 2020, with a particular focus on the most recent recession. We demonstrate that (log) ...Read more
Brian Bell, Nicholas Bloom and Richard Blundell
1 December 2022
Journal article
NEJM Catalyst Innovations in Care Delivery
How health care professionals view their organizations' governance and decision-making
A survey of the NEJM Catalyst Insights Council finds that health care organizations' strategic priorities have held steady - with even more emphasis on financial returns. Now including global data....Read more
Gary Kaplan and Raffaella Sadun
16 November 2022
Journal article
Journal of Econometrics
Surveying business uncertainty
We elicit subjective probability distributions from business executives about their own-firm outcomes at a one-year look-ahead horizon. In terms of question design, our key innovation is to let survey respondents freely ...Read more
David E. Altig, Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Brent Meyer and Nicholas Parker
1 November 2022
Journal article
The Quarterly Journal of Economics
The effects of joining multinational supply chains: new evidence from firm-to-firm linkages
We study the effects of becoming a supplier to multinational corporations (MNCs) using tax data tracking firm-to-firm transactions in Costa Rica. Event study estimates reveal that domestic firms experience strong and per...Read more
Alonso Alfaro-Urena, Isabela Manelici and Jose P Vasquez
1 August 2022
Journal article
Journal of Risk and Financial Management
Pandemic-era uncertainty
We examine several measures of uncertainty to make five points. First, equity market traders and executives at nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck...Read more
David E. Altig, Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Brent Meyer and Emil Mihaylov
30 July 2022
Journal article
Nature Communications
The effect of Covid certificates on vaccine uptake, health outcomes, and the economy
In the COVID-19 pandemic many countries required COVID certificates, proving vaccination, recovery, or a recent negative test, to access public and private venues. We estimate their effect on vaccine uptake for France, G...Read more
Philippe Aghion, Patrick Artus, Arnaud Fontanet, Lionel Guetta-Jeanrenaud, Philippe Martin, Miquel Oliu-Barton, Bary Pradelski, Guntram B. Wolff and Nicolas Woloszko
8 July 2022
Journal article
International Journal of Human Computer Studies
Multitasking while driving: a time use study of commuting knowledge workers to assess current and future uses
Commuting has enormous impact on individuals, families, organizations, and society. Advances in vehicle automation may help workers employ the time spent commuting in productive work-tasks or wellbeing activities. To ach...Read more
Andrew L. Kun, Raffaella Sadun, Orit Shaer and Thomaz Teodorovicz
1 June 2022
Journal article
Humanities and Social Sciences Communications
The impact of Covid-19 on digital communication patterns
We explore the impact of COVID-19 on employees' digital communication patterns through an event study of lockdowns in 16 large metropolitan areas in North America, Europe, and the Middle East. Using de-identified, aggreg...Read more
Evan DeFilippis, Stephen Michael Impink, Jeffrey T Polzer, Raffaella Sadun and Madison Singell
23 May 2022
Journal article
Annual Review of Economics
The impact of health information and communication technology on clinical quality, productivity, and workers
The adoption of health information and communication technology (HICT) has surged over the past two decades. We survey the medical and economic literature on HICT adoption and its impact on clinical outcomes, productivit...Read more
Ari Bronsoler, Joseph Doyle and John Van Reenen
4 April 2022
Journal article
Journal of Environmental Economics and Management
Searching for carbon leaks in multinational companies
Does a unilateral climate change policy cause companies to shift the location of production, thereby creating carbon leakage? In this paper, we analyze the effect of the European Union Emissions Trading System (EU ETS) o...Read more
Antoine Dechezlepretre, Caterina Gennaioli, Ralf Martin, Mirabelle Muuls and Thomas Stoerk
1 March 2022
Journal article
International Journal of Health Planning and Management
Medical disputes and patient satisfaction in China: how does hospital management matter?
Objective: Satisfaction with healthcare may be captured by surveys of patients and staff, or in extreme cases, the number and severity of medical disputes. This study tries to investigate the relationship between satisfa...Read more
Nicholas Bloom, Thomas Butt, Tianhao Gao, Xia Jin, Gordon Guo-En Liu, Mark Wang, Jiaqi Xu and Hanqing Zhao
9 December 2021
Journal article
Management Science
Building a productive workforce: the role of structured management practices
In an influential study, Bender et al. [Bender S, Bloom N, Card D, Van Reenen J, Wolter S (2018) Management practices, workforce selection, and productivity. J. Labor Econom. 36(S1):S371-S409] document consistent relatio...Read more
Christopher Cornwell, Ian M. Schmutte and Daniela Scur
1 December 2021
Journal article
Human-Computer Interaction
How does working from home during Covid-19 affect what managers do? Evidence from time-use studies
In this research we explore the effects of the forced Work-from-home arrangement during the Covid-19 pandemic on managers. We assess how the sudden and widespread shift to working from home during the pandemic impacted h...Read more
Andrew L. Kun, Raffaella Sadun, Orit Shaer and Thomaz Teodorovicz
28 November 2021
Journal article
Journal of the European Economic Association
CEO pay and the rise of relative performance contracts: a question of governance?
We exploit the large rise in relative performance awards in the United Kingdom over the last two decades to investigate whether these contracts improve the alignment between CEO pay and firm performance. We first documen...Read more
Brian Bell, Simone Pedemonte and John Van Reenen
1 October 2021
Journal article
Oxford Review of Economic Policy
The World Management Survey at 18: lessons and the way forward
Understanding how differences in management 'best practices' affect organizational outcomes has been a focus of both theoretical and empirical work in the fields of management, sociology, economics, and public policy. Th...Read more
Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur and John Van Reenen
1 July 2021
Journal article
Research Policy
Innovation, growth and the transition to net-zero emissions
The climate crisis and the global economic impact of the Covid-19 crisis occur against a background of slowing growth and widening inequalities, which together imply an urgent need for a new environmentally sustainable a...Read more
Nicholas Stern and Anna Valero
21 June 2021
Journal article
Oxford Review of Economic Policy
Management practices and public policy: an overview
This paper introduces and summarizes this issue of the Oxford Review of Economic Policy, on management practices. We outline key concepts in the empirical study of structured management practices, then summarize each of ...Read more
Simon Quinn and Daniela Scur
6 June 2021
Journal article
The Review of Economics and Statistics
Trade and management
?We study how management practices shape export performance using matched production-trade-management data for Chinese and American firms and a randomized control trial in India. Better-managed firms are more likely to e...Read more
Nicholas Bloom, Kalina Manova, Stephen Teng Sun, John Van Reenen and Zhihong Yu
1 May 2021
Journal article
Review of Economic Studies
A reply to Campbell and Mau
In Bloom et al. (2016, Bloom, Draca and Van Reenen (BDVR)), we have a set of nine results on the impact of Chinese trade. The first three showed that Chinese trade increased technical change in European firms measured by...Read more
Nicholas Bloom, Mirko Draca and John Van Reenen
10 January 2021
Journal article
Quarterly Journal of Economics
Competition and relational contracts in the Rwanda coffee chain
How does competition affect market outcomes when formal contracts are not enforceable and parties resort to relational contracts? Difficulties with measuring relational contracts and dealing with the endogeneity of compe...Read more
Rocco Macchiavello and Ameet Morjaria
5 January 2021
Journal article
American Economic Journal: Applied Economics
Turbulence, firm decentralization, and growth in bad times
What is the optimal form of firm organization during ?bad times?? The greater turbulence following macro shocks may benefit decentralized firms because the value of local information increases (the ?localist? view). On t...Read more
Philippe Aghion, Nicholas Bloom, Brian Lucking, Raffaella Sadun and John Van Reenen
1 January 2021
Journal article
The Economic Journal
Trapped factors and China?s impact on global growth
After a recent increase in Chinese import competition, European firms increased innovation. We present and rationalise these patterns using `trapped factors? at the micro level within a stylised equilibrium model of prod...Read more
Nicholas Bloom, Paul Romer, Stephen Terry and John Van Reenen
1 January 2021
Journal article
The Economic Journal
Adjustment costs and factor demand: new evidence from firms' real estate
We study corporate real estate frictions and their effect on firm dynamics and labour demand. We build and simulate a general equilibrium model with heterogeneous firms that predicts the response of firms to a productivi...Read more
Antonin Bergeaud and Simon Ray
1 January 2021