The Long-Term Effects of Management and Technology Transfers

被引:83
作者
Giorcelli, Michela [1 ,2 ]
机构
[1] Univ Calif Los Angeles, Dept Econ, 9262 Bunche Hall, Los Angeles, CA 90095 USA
[2] NBER, Cambridge, MA 02138 USA
关键词
TRADE LIBERALIZATION; PRODUCTIVITY; SPILLOVERS; SELECTION; WAGES; FIRMS;
D O I
10.1257/aer.20170619
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper examines the long-run causal effects of management on firm performance. Under the United States Technical Assistance and Productivity Program (1952-1958), the United States organized management training trips for Italian managers to US firms and granted technologically advanced machines to Italian companies. I exploit an unexpected budget cut that reduced the number of participating firms and find that, compared to businesses excluded by the budget cut: performance of Italian firms that sent their managers to the United States increased for at least fifteen years after the program; performance of companies that received new machines increased, but flattened out over time; management and new machines were complementary.
引用
收藏
页码:121 / 152
页数:32
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