All publications

2021

“Turbulence, Firm Decentralization and Growth in Bad Times” (with Philippe Aghion, Nick Bloom, Brian Lucking and Raffaella Sadun), American Economic Journal: Applied Economics (1) 133-169, ungated, HBR

“Trapped Factors and China’s Impact on Global Growth” (with Nick Bloom, Paul Romer and Stephen Terry), The Economic Journal 131(633) 156–191, Appendix, ungated

“The World Management Survey at 18” (with Daniela Scur, Raffaella Sadun, Renata Lemos and Nick Bloom), Oxford Review of Economic Policy 37(2) 231–258, ungated

 

“Managing Trade: First Evidence from China” (with Nick Bloom, Kalina Manova and Zhihong Yu), forthcoming Review of Economics and Statistics, ungated

 

“CEO Pay and the Rise of Relative Performance: A question of governance?” (with Brian Bell and Simone Pedemonte), forthcoming Journal of the European Economic Associationungated, Guardian

 

“A Reply to Campbell and Mau” (with Nick Bloom and Mirko Draca), forthcoming The Review of Economic Studies, Data

 

“Innovation and Human Capital Policy”, forthcoming Innovation Policy and the Economy, ungated

 

2020

“The Fall of the Labor Share and the Rise of Superstar Firms” (with David Autor, David Dorn, Larry Katz and Christina Patterson), Quarterly Journal of Economics 135(2) 645-709, HBR Blog, Video, New York Times, VoxTalks, Economist, Wall Street Journal, VoxEU (video), Economist, NPR

“Are ideas becoming harder to find?” (with Nick Bloom, Chad Jones and Michael Webb), American Economic Review (2020) 110(4): 1104–1144, ungated, Data, Vox, Economist, Freakonomics, Fortune Sloan Economist

“Have R&D spillovers declined in the 21st century?” (with Brian Lucking and Nick Bloom), Fiscal Studies 40 (4) 561-590, ungated

 

“Healthy Business? Managerial Education and Management in Healthcare” (with Nick Bloom, Renata Lemos and Raffaella Sadun), Review of Economics and Statistics 2(3) 506-517, ungated

 

2019

“Who Becomes an Inventor in America? The Importance of Exposure to Innovation” (with Alex Bell, Raj Chetty, Xavier Jaravel and Neviana Petkova), Quarterly Journal of Economics (2019)134(2) 647–713, ungated, Data, New York Times, Vox, Atlantic, Fortune, ConversationVoxUS, Economist, VC, Centrepiece, INET

“The Price Ain’t Right? Hospital prices and health spending on the privately insured” (with Zack Cooper, Stuart Craig and Marty Gaynor), Quarterly Journal of Economics (2019) 134 (1), 51–107, ungatedMerger Data, New York Times, New Yorker, MarketPlace, NIHCM Award winner

 

“What drives differences in management?” (with Nick Bloom, Erik Brynjolfsson, Lucia Foster, Ron Jarmin, Megha Patnaik and Itay Saporta-Eksten), American Economic Review (2019) 109(5) 1648–1683, ungatedVox

“Some causal effects of an industrial policy” (with Chiara Criscuolo, Ralf Martin and Henry Overman), American Economic Review (2019) 109(1) 48-85, ungatedVox

“A Toolkit of Policies to promote Innovation” (with Nick Bloom and Heidi Williams), Journal of Economic Perspectives 33(3) 163–184, ungated

 

“Do Tax Cuts Produce More Einsteins? The Impacts of Financial Incentives vs. Exposure to Innovation on the Supply of Inventors” (with Alex Bell, Raj Chetty, Xavier Jaravel and Neviana Petkova), Journal of the European Economic Association 17(3) 651–677, ungated 

 

“Can helping the sick hurt the able?” (with Felix Koenig, Barbara Petrongolo and Nitika Bagaria), Economic Journal 129 (624), 3189–3218, ungatedOUP

 

“Hospital Prices Grew Substantially Faster than physician prices from 2007 to 2014” (with Zack Cooper, Stuart Craig, Marty Gaynor, Nir Harish and Harlan Krumholz), Health Affairs (2019) 38(2) 184-189

 

Variation in Health Spending Growth for the Privately Insured from 2007 to 2014” (with Zack Cooper, Stuart Craig and Marty Gaynor), Health Affairs (2019) 38(2) 230-236

 

“The Economic Impact of Universities: Evidence from Across the Globe” (with Anna Valero), Economics of Education Review (2019), 68 53-67, ungatedVox

 

2018

“The Incentives of a monopolist to degrade interoperability’’ (with Christos Genakos and Kai Uwe Kuhn), Economica 85, 873–902, ungatedCentrepiece

 

“Management Practices, Workforce Selection and Productivity” (with Stefan Bender, Nick Bloom, David Card and Stefanie Wolter), Journal of Labor Economics 36(S1) 371–409, ungated

2017

“The Costs and Benefits of Brexit” (with Swati Dhingra, Hanwei Huang, Gianmarco Ottaviani, Joao Pessoa, and Tom Sampson), Economic Policy 32(92) 651–705, ungatedVox

“Brexit’s long-run effects on the UK economy”, Brooking Papers on Economic Activity Fall 367-383, ungated 

 

“The impact of the diffusion of a financial innovation on company performance: an analysis of SWIFT” (with Susan Scott and Markos Zachariadis), Research Policy 46, 984-1004, ungated

 

“Concentrating on the fall of the Labor Share” (with David Autor, David Dorn, Larry Katz and Christina Patterson, American Economic Review Papers and Proceedings 107(5):180–185, ungated, WSJ

 

“Why Do We Undervalue Competent Management” (with Raffaella Sadun and Nick Bloom), Harvard Business Review September-October, winner of HBR-McKinsey Prize for best article of the year interview reprinted in HBR’s 10 Must Reads 2019

 

2016

“Firm Size Distortions and the Productivity Distribution: Evidence from France” (with Luis Garicano and Claire Lelarge), American Economic Review 106(11) 3439-79, ungatedNew York Times, Economist, Micro-Insights

 

“Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry” (with Philippe Aghion, Antoine Dechezlepetre, David Hemous and Ralf Martin), Journal of Political Economy 124(1) 1-51, ungated

 

“Trade induced technical change? The impact of Chinese imports on Innovation, IT and Productivity” (with Nick Bloom and Mirko Draca), Review of Economic Studies (2016) 83(1): 87-117, ungated, Vox Update

 

“Spillovers in Space: Does Geography Matter?” with  Sergey Lychagin , Joris Pinkse and Margaret Slade, Journal of Industrial Economics 64(2) 295-335, ungated, Wiley 
 

“International Data on Measuring Management Practices” (with Bloom, Nicholas, Renata Lemos, Raffaella Sadun, Daniela Scur and John Van Reenen) (2016), American Economic Review Papers ad Proceedings, ungated  

 

2015

“The Impact of Competition on Management Quality: Evidence from Public hospitals” (with Nick Bloom, Carol Propper and Stephan Seiler), Review of Economic Studies (2015) 82: 457-489, ungated, OUP  

“Does Management Matter in Schools?” (with Nick Bloom, Renata Lemos and Raffaella Sadun), Economic Journal (2015)125 (584) 647 - 674, ungated, Wiley  Vox

“Do Private Equity Owned Firms have better management practices?” (with Nick Bloom and Raffaella Sadun), American Economic Review Papers and Proceedings (2015) 105(5): 442–446

2014

“The new empirical economics of management” with (Nick Bloom, Renata Lemos, Raffaella Sadun and Daniella Scur), Journal of the European Economic Association (2014) 12: 835–76, ungated

“The distinct effects of Information Technology and Communication Technology on firm organization” (with Nick Bloom, Luis Garicano and Raffaella Sadun), Management Science (2014) 60(12) 2259-2885, ungatedVox

 

“Has ICT Polarized Skill Demand? Evidence from Eleven Countries over 25 Years” (with Guy Michaels and Ashwini Natraj), Review of Economics and Statistics (2014) 96(1) 60–77, ungated

 

“Incomplete contracts and the internal organization of firms” (with Philippe Aghion and Nick Bloom), Journal of Law, Economics and Organization (2014) 30(1), 37-64, ungated

 

“The UK Productivity and Jobs Puzzle: Does the Answer Lie in Wage Flexibility?” (with Joao Pessoa), Economic Journal (2014), 124, 433-452, ungatedVox

 

“Bankers’ pay and extreme wage inequality in the UK” (with Brian Bell), Economic Journal (2014) 124 (574) F1–F387, ungated

 

“What are the Channels for Technology Sourcing? Panel Data Evidence from German Companies” (with Dietmar Harhoff and Elisabeth Mueller), Journal of Economics, Management and Strategy (2014) 23(1), 204- 224, Wiley

“Why management matters for productivity” (with John Dowdy), McKinsey Quarterly (2014) 3: 147-150, ungated

 

2013

“Technology Spillovers and Product Market rivalry” (with Nick Bloom and Mark Schankerman), Econometrica (2013) 81 (4) 1347–1393, ungated  

 

“Innovation and Institutional Ownership” (with Philippe Aghion and Luigi Zingales), American Economic Review (2013) 103(1): 277–304, ungatedEconomist

 

“UK Productivity under Labour”, Oxford Review of Economic Policy (2013) 29 (1): 113-141, ungated

 

“Investing for Prosperity: Skills, infrastructure and innovation” (with Tim Besley and Miguel Coelho), National Institute Economic Review (2013) May R1-R13, ungated, GCVox

 

“Extreme wage inequality: Pay at the very top” (with Brian Bell), American Economic Review Papers and Proceedings (2013) 103(3): 153–157, ungated 

 

“A Trapped Factors Model of Innovation: short version” (with Nick Bloom, Paul Romer and Stephen Terry) American Economic Review Papers and Proceedings (2013) 103(3): 208-13, ungated

 

2012

“The organization of firms across countries” (with Nick Bloom and Raffaella Sadun). Quarterly Journal of Economics (2012) 127(4): 1663-1705, ungated 

“Americans Do I.T Better: US multinationals and the productivity miracle” (with Nick Bloom and Raffaella Sadun), American Economic Review (2012) 102 (1), 167-201, ungatedVox

 

“How three essential practices can address even the most complex global problems” (with Nick Bloom and Raffaella Sadun) Harvard Business Review (2012), November, 77-82, ungated, “Winning Ideas” Prize for CMI Management Articles of the Year (2015)

“The land that Lean manufacturing forgot? Management practices in transition countries” (with Nicholas Bloom and Helena Schweiger), Economics of Transition (2012), 20(4), 569-785, ungated

“Fiscal Consolidation During a Depression” (with Nitika Bagaria and Dawn Holland) National Institute Economic Review (2012) 221 (July) 38-50, ungated

“Privatization, Entry Regulation and the decline of labour’s share of GDP: A cross country analysis of the network industries” (with Ghazala Azmat and Alan Manning). Economica (2012), 79(315) 470-492, ungated

 

“UK Economic Performance under Labour” (with Dan Corry and Anna Valero), Renewal (2012), 20(1) 56-69, ungated

 

“Management Practices across firms and countries” (with Nick Bloom, Christos Genakos and Raffaella Sadun), Academy of Management Perspectives (2012) 26 (1) 12-33, ungated

 

2011

“The Impact of the National Minimum Wage on firm profitability” (with Mirko Draca and Steve Machin). American Economic Journal: Applied Economics (2011) 3(1) 129-51, ungated

 

“Wage Inequality, Technology and Trade: 21st Century evidence”, Labour Economics (2011) 18(6) 730-741, ungated

 

“Is distance dying at last? Falling Home bias in fixed effects models of patent citations” (with Simon Lee and Rachel Griffith), Quantitative Economics, (2011) 2, 211-249, ungated

 

“Does competition raise productivity through improving management practices?”, International Journal of Industrial Organization, (2011) 9(3), 306-317, ungated 

 

“Are Family Friendly Workplace Practices a valuable firm resource?” (with Nick Bloom and Toby Kretschmer). Strategic Management Journal (2011) 32(4) 343-367, ungated 

 

“In Defense of Our Research on Competition in England’s National Health Service” (with Nicholas Bloom, Martin Gaynor, Stephen Gibbons, Simon Jones, Alistair McGuire, Rodrigo Moreno-Serra, Carol Propper, John Van Reenen and Stephan Seiler). Lancet (2011), 278(9808): 2064-206, ungated

 

2010

“Can Pay Regulation kill?  The impact of labor markets on hospital productivity” (with Carol Propper), Journal of Political Economy (2010), 118(2), 222-273, ungated, IHEA Arrow Prize (awarded 2011) for best paper of the year

 

“The evolution of inequality in Productivity and Wages: Panel Data Evidence” (with Giulia Faggio and Kjell Salvanes). Industrial and Corporate Change (2010) 19(6), 1919-1951, ungated

 

“Recent Advances in the empirics of organizational economics” (with Nick Bloom and Raffaella Sadun), Annual Review of Economics (2010) 2:105-37, ungated

 

“Why do Management Practices Differ across Firms and Countries? (with Nick Bloom), Journal of Economic Perspectives (2010) 24(1) 203-224, ungated

 

“New approaches to measuring management and firm organization” (with Nick Bloom), American Economic Review Papers and Proceedings (2010), 100, 105–109, ungated

 

“Does Product Market Competition Lead firms to decentralize?”  (with Nick Bloom and Raffaella Sadun), American Economic Review Papers and Proceedings (2010) 100, 434-438, ungated

 

2009

“What if Congress Doubled R&D spending on the physical sciences?” (with Richard Freeman), Innovation Policy and the Economy (2009) Volume 9, 1-38. ungated 

 

2008

Measuring and Explaining Management Practices in Italy” (with Nick Bloom and Raffaella Sadun), Rivista di Politica Economica, (2008) 98(2), 15-56.

2007

“Technology, Information and the Decentralization of the Firm” (with Daron Acemoglu, Philippe Aghion, Claire Lelarge and Fabrizzio Zilibotti), Quarterly Journal of Economics, (2007), 122 (4), 1759–1799, ungated 

 

“Measuring and Explaining Management practices across firms and nations” (with Nick Bloom), Quarterly Journal of Economics (2007) 122(4), 1351–1408, ungated

 

“Uncertainty and Company Investment Dynamics: Empirical Evidence for UK firms” (with Nick Bloom and Steve Bond), Review of Economic Studies (2007) 74, 391-415, ungated

 

2006

“How special is the special relationship: Using the impact of US R&D spillovers on British firms as a test of technology sourcing” (with Rupert Harrison and Rachel Griffith), American Economic Review (2006) 96(5) 1859-1875, ungated   

 

“The growth of network computing: Quality adjusted prices for network servers” (2006), Economic Journal 116, 29-44, ungated

“Management Practices, work-life balance and productivity: A Review of recent evidence” (with Nick Bloom), Oxford Review of Economic Policy (2006) 22(4) 457-481, ungated

 

“Training and Corporate Productivity: Evidence from a panel of UK industries” (with Howard Reed and Lorraine Dearden), Oxford Bulletin of Economic and Social Research (2006), 68, 4, 397-421, ungated

 

“Union Recognition and Productivity” (with Jo Blanden and Steve Machin), British Journal of Industrial Relations (2006), 44(2) 169-190, ungated

 

2005

“The internationalisation of public welfare policy” (with James Banks, Richard Disney and Alan Duncan), Economic Journal (2005), 115(502) 62-81, ungated

 

“Investment, R&D and Financial Constraints in Britain and Germany” (with Steve Bond and Dietmar Harhoff), Annales d'Economie et de Statistique (2005), 79/80, 435-462, ungated

 

2004

“Evaluating the Employment Impact of a mandatory job search assistance programme” (with Richard Blundell, Monica Costa Dias and Costas Meghir), Journal of the European Economics Association (2004) 2(4) 569-606, ungated. Lead Article and selected as one of the JEEA’s top “10 most impactful research” articles ever

 

“Mapping the Two Faces of R&D: Productivity Growth in a panel of OECD industries” (with Rachel Griffith and Stephen Redding), Review of Economics and Statistics (2004) 86(4) 883-895, ungated

 

2003

“R&D and absorptive Capacity: from theory to empirical evidence” (with Stephen Redding and Rachel Griffith), Scandinavian Journal of Economics (2003) 105(1) 1-20, ungated

 

“Education and Economic Growth: A review of the literature” (with Barbara Sianesi), Journal of Economic Surveys (2003), 17(2), 157-200, ungated

 

2002

“Do R&D Tax Credits Work? Evidence from an international panel of countries 1979 - 1997” (with Nicholas Bloom and Rachel Griffith). Journal of Public Economics (2002) 85 1-31, ungated

 

“Patents, Real Options and Firm Performance” (with Nicholas Bloom), The Economic Journal (2002) 112, 478, C97-C116, ungated  

“Economic Issues for the U.K. Biotechnology industry”, New Genetics and Society (2002) 21, 2, 109-131, ungated

 

2001

“Skill biased organisational change? Evidence from British and French establishments” (with Eve Caroli), Quarterly Journal of Economics (2001) CXVI, No. 4, 1449-1492, ungated

“Export Market performance of OECD countries: an empirical examination of the role of cost competitiveness in an OECD panel of industries” (with Andrew Glyn and Wendy Carlin, Economic Journal (2001) 110, 1-35, ungated

 

“The New Economy: Policy and Reality”, Fiscal Studies (2001) 22, 3, 307-336, ungated

 

“Measuring the cost effectiveness of an R&D tax credit for the UK” (with Rachel Griffith and Stephen Redding), Fiscal Studies (2001) 22, 3, 375-399, ungated

 

2000

“Fiscal Incentives for R&D: A New Review of the Evidence” (with Bronwyn Hall), Research Policy (2000) 29, 449-469, ungated

 

1999

“Market share, market value and Innovation: Evidence from British Manufacturing Firms” (with Richard Blundell and Rachel Griffith), Review of Economic Studies (1999) 66(3), 228, 529-554, ungated

 

“Another Nail in the Coffin? Or can the trade-based explanation of changing skill structures be resurrected?” (with Thibaut Desjonqueres and Stephen Machin) (1999), Scandinavian Journal of Economics 101(4), 533-554, ungated

 

“Getting the unemployed back to work: the role of wage subsidies” (with Brian Bell and Richard Blundell), International Tax and Public Finance (1999), 6, 339-360, ungated

 

1998

“Technology and changes in the skill structure: Evidence from seven OECD countries” (with Stephen Machin), Quarterly Journal of Economics (1998) 113 (4), 1215-1244, ungated

 

“The determination of R&D: Empirical evidence on the role of unions” (with Naercio Menezes-Filho and David Ulph), European Economic Review (1998) 42, 3-5, 919-930, ungated

“Regulating Drug Prices: Where Do We Go from Here?” (with Nicholas Bloom). Fiscal Studies (1998) vol. 19 (3), 321-342, ungated

 

“R&D and Union Bargaining: Evidence from British Companies and Establishments” (with Naercio Menezes-Filho and David Ulph), Industrial and Labor Relations Review (1998) Vol. 52, No. 1, 45-63, ungated 

 

“Establishment level earnings, technology and the growth of inequality: evidence from Britain” (with Lucy Chennells), Economics of Innovation and New Technology (1998), 5, 139-164, ungated

 

1997

“Employment and Technological Innovation: Evidence from UK Manufacturing Firms”, Journal of Labor Economics (April 1997), 15, 2, 255-284, ungated

 

“Technical change and earnings in British establishments” (with Lucy Chennells), Economica (1997) 64, 587-604, ungated

 

“How Persistently Do Firms Innovate?” (with Paul Geroski and Chris Walters), Research Policy (1997) 26, 33-48, ungated

 

“Why Has Britain had slower R&D growth?”, Research Policy (1997) 26, 493-507

 

1996

“The Creation and Capture of Economic Rents: Wages and Innovation in a Panel of UK Companies”, Quarterly Journal of Economics (1996) 111(1), 195-226, ungated

“Market Imperfections and Employment” (with Paul Geroski and Paul Gregg), OECD Economic Studies (1996) 26, I, 117-156

 

“Job Creation, Technological Innovation and Adjustment Costs” (with Costas Meghir and Annette Ryan), Annales d'Economie et de Statistique (1996), 41/42, 255-274

 

1995

“Dynamic Count Data Models of Technological Innovation” (with Richard Blundell and Rachel Griffith), The Economic Journal (1995) 105, 333-344, ungated

 

“Enterprise Restructuring in the transition; an analytical survey of the case study evidence from Central and Eastern Europe” (with Wendy Carlin and Toby Wolfe), Economics of Transition (1995), 3, (4), 427-458, ungated

 

“Tax Incentives for R&D” (with Rachel Griffith and Daniel Sandler), Fiscal Studies (1995), 16, 2, 21-44

 

1993

“The Profitability of Innovating firms” (with Stephen Machin and Paul Geroski), The RAND Journal of Economics (1993) 24 (2) 198-21, ungated

 

“Profit Margins and the Business Cycle: Evidence from UK Manufacturing Firms” (with Stephen Machin), Journal of Industrial Economics (1993) XLI: 29-50, ungated

 

“The Economic Effects of Multi-Unionism: Some Evidence from WIRS” (with Stephen Machin and Mark Stewart), Scandinavian Journal of Economics (1993) 95(3) 275-29, ungated