What’s Driving the New Economy
The Benefits of Workplace Innovation
Bibliographic Data
| ID | 9705465 |
|---|---|
| Authors | Sandra E Black (0000-0001-7093-8289, UCLA, NBER and IZA), Lisa M Lynch (0000-0002-3421-5793, Tufts University, NBER and IZA) |
| Year | 2004 |
| Volume | 114 |
| Issue | 493 |
| Pages | F97-F116 |
| Publication date | 2004-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.0013-0133.2004.00189.x |
| OpenAlex | W3123320973 |
| Language | EN |
| Citations received | 41 |
| References cited | 28 |
The current economic recession in the United States has challenged the sustainability of the so-called New Economy productivity miracle. This paper introduces the idea that, in addition to investment in information technology, changing workplace organization has been a significant component of the turnaround in productivity growth in the U.S. during the 1990s. Using a nationally representative sample of U.S. businesses surveyed in 1993 and 1996, we examine the relationship between workplace innovations and establishment productivity to assess the potential endurance of strong labor productivity growth into the future. Our work goes beyond measuring the impact of computers on productivity and examines how other types of workplace innovation such as self-managed teams, incentive pay, and employee voice are related to labor productivity. These practices could explain a large part of the movement in multi-factor productivity in the United States over the period 1993-1996. We also show how these results are affected by the union status of a firm. While European countries have invested in varying degrees in information technology, these results suggest additional dimensions to the recent productivity growth in the US that may well have implications for productivity growth potential in Europe
Business · Economics · Industrial organization · Corporate Finance and Governance · Firm Innovation and Growth · Labor market dynamics and wage inequality
Beyond Incentive Pay
The Resurgence of Growth in the Late 1990s
Board of directors and innovation
Shared Capitalism at Work
Does Management Matter? Evidence from India
ICT and productivity
The Oxford Handbook of the Italian Economy Since Unification
Information and communication technology, co-innovation, and perceived productivity in tourism small and medium enterprises
United we stand
The Impact of a New Workplace Technology on Employees
ICT and Productivity in Developing Countries
Inequality and Economic Growth
Innovative Work Practices, Information Technologies, and Working Conditions
Organisation structure and innovation performance in different environments
A Retrospective Look at the U.S. Productivity Growth Resurgence
Application of information technology in transportation operation
Intercooperation, flexicurity and their impact on workers
Online social networks and learning
Job design in the context of the job market
Will Workers Benefit From This Economic Recovery
Has the Internet Fostered Inclusive Innovation in the Developing World
The impact of artificial intelligence on skills at work in Denmark
Digital transition, data-and-tasks crowd-based economy, and the shared social progress
Innovation, ancienneté du manager et implication des employés dans la prise de décision au sein des entreprises d’un pays en développement
Les changements organisationnels, l'informatisation des entreprises et le travail des salariés
Regional industrial policy in times of big disruption
Skill-Biased Management
Time of Day and High-Stake Cognitive Assessments
Employee voice and organizational performance
Context, strategy and financial participation
The Division of Labour, Worker Organisation, and Technological Change
The Knowledge Economy
Workplace Design, Complementarities among Work Practices, and the Formation of Key Competencies
In Search of the High Road
The other Side of the Knowledge Economy
The Hidden Costs of High-Performance Work Practices
Efficiency in Employee-Owned Enterprises
Performance-Related Pay and Firm Productivity
The Effects of Organizational Change on Worker Well-Being and the Moderating Role of Trade Unions
The "Suite" Smell of Success
The Adoption of Job Rotation
Workers, Wages, and Technology
How Computers Have Changed the Wage Structure
Skill-Biased Organizational Change? Evidence from A Panel of British and French Establishments
Effects of Human Resource Systems on Manufacturing Performance and Turnover.
Complementarities and fit strategy, structure, and organizational change in manufacturing
Information Technology, Workplace Organization, and the Demand for Skilled Labor
Raising the Speed Limit
Errors in variables in panel data
The Impact of Human Resource Management Practices on Turnover, Productivity, and Corporate Financial Performance.
Computing Productivity
How to Compete
Inequality and Economic Growth
Peer Pressure and Partnerships
Trade Unions and Economic Efficiency
The Resurgence of Growth in the Late 1990s
Do "High-Performance" Work Practices Improve Establishment-Level Outcomes
| Unique citing works | 41 |
|---|---|
| Citations per year | 1,52 |
| Citation span | 1999 - 2025 (27) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 38 |