Organizational capital, technology adoption and the productivity slowdown

Samaniego, Roberto M.

doi:10.1016/j.jmoneco.2005.06.002

Cited by 26 publications

(30 citation statements)

References 21 publications

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“…5 Alternatively, it may reflect the fact that the advantages of ICT use are not yet evident, since efficiency gains take some time to mature. This paradoxical result runs parallel to that obtained by Mas and Quesada (2006) for Spain, as well as that found by Wolff (1996) and Samaniego (2006) in their discussion of the productivity paradox in the context of the New Economy.…”

Section: Construction (%)supporting

confidence: 88%

New technologies and regional growth: the case of Andalucía

Martínez

Rodríguez

2008

Ann Reg Sci

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Section: Construction (%)supporting

confidence: 88%

New technologies and regional growth: the case of Andalucía

Martínez

Rodríguez

2008

Ann Reg Sci

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“…13 When the model's structural parameters are set to values assumed by Backus and Crucini, oil supply shocks and ROW shocks contribute more to U.S. GDP movements. Recall that the mode of the posterior distribution for the elasticity of substitution between home and foreign goods is 0.34 in our model, while Backus and Crucini set it at Our findings for the 1970s are generally consistent with Blanchard and Gali (2007), as well as Nordhaus (2004), Greenwood and Yorukoglu (1997), and Samaniego (2006). Blanchard and Gali find the poor U.S. economic performance of the 1970s owes a combination of adverse oil price shocks and other bad luck.…”

Section: Comparing the 1970s And The 2000ssupporting

confidence: 58%

An International Perspective on Oil Price Shocks and U.S. Economic Activity

Balke¹,

Brown²,

Yücel³

2008

gwp

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The effect of oil price shocks on U.S. economic activity seems to have changed since the mid-1990s. A variety of explanations have been offered for the seeming change -including better luck, the reduced energy intensity of the U.S. economy, a more flexible economy, more experience with oil price shocks and better monetary policy. These explanations point to a weakening of the relationship between oil prices shocks and economic activity rather than the fundamentally different response that may be evident since the mid-1990s. Using a dynamic stochastic general equilibrium model of world economic activity, we employ Bayesian methods to assess how economic activity responds to oil price shocks arising from supply shocks and demand shocks originating in the United States or elsewhere in the world. We find that both oil supply and oil demand shocks have contributed significantly to oil price fluctuations and that U.S. output fluctuations are derived largely from domestic shocks. JEL codes: F41, Q43 An International Perspective on Oil Price Shocks and U.S. Economic ActivityAbstract: The effect of oil price shocks on U.S. economic activity seems to have changed since the mid-1990s. A variety of explanations have been offered for the seeming change-including better luck, the reduced energy intensity of the U.S. economy, a more flexible economy, more experience with oil price shocks and better monetary policy. These explanations point to a weakening of the relationship between oil prices shocks and economic activity rather than the fundamentally different response that may be evident since the mid-1990s. Using a dynamic stochastic general equilibrium model of world economic activity, we employ Bayesian methods to assess how economic activity responds to oil price shocks arising from supply shocks and demand shocks originating in the United States or elsewhere in the world. We find that both oil supply and oil demand shocks have contributed significantly to oil price fluctuations and that U.S. output fluctuations are derived largely from domestic shocks.

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“…Milgrom and Roberts (1990), and Brynjolfsson et al (2002) revealed that firms who adopt information technology did not become more productive unless they also adopted certain complementary changes to business organization, such as increased decentralization and the use of self-managing teams. For Samaniego (2006), new firms have yet to build organizational capital, so they do not face the correspondent opportunity cost. Krause et al (2007) also concluded that organizational capital investments and accumulations can be expected to improve buyer performance.…”

Section: Hypothesis 1a: Human Capital Is Positively Related To the Smmentioning

confidence: 99%

Individual Entrepreneurship Capacity and Performance of SMEs

Leitão

Franco

2008

SSRN Journal

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This paper analyses the importance of human capital and organizational capital on the determination of SME's performance, by proposing and testing a conceptual model about Individual Entrepreneurship Capacity, and its impact both on non-economic and economic performance. This constitutes an innovative approach in the sense that uses information collected at the individual level, that is, the entrepreneur. Moreover, it constitutes a first attempt for facing the caveat in the literature on the relationship among types of capital and entrepreneurial performance. The use of the stepwise method provides the selection of significant variables that impact on SME's performance. When only non-economic indicators are considered for measuring the performance, in what respects the human capital we find out that the only significant variable is: enthusiasm at work. In what concerns the organizational capital the significant variables are: efficient organizational structure; participative management; incentives for interdisciplinary discussion and dialogue; and frequent meetings of working groups. For its turn, when economic indicators are considered for measuring the performance, we find out that the significant human capital determinants are: entrepreneur's intuition; and propensity for innovating activities. In terms of organizational capital determinants we reveal that the significant variables are: efficient organizational structure; and use of external indicators for improving entrepreneurial performance.The main policy implication of the paper is the possibility of creating, at an individual level, new incentives and motivational tools based on the identification of the most important variables of human capital and organizational capital, for fostering SME's performance.

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Organizational capital, technology adoption and the productivity slowdown

Cited by 26 publications

References 21 publications

New technologies and regional growth: the case of Andalucía

New technologies and regional growth: the case of Andalucía

An International Perspective on Oil Price Shocks and U.S. Economic Activity

Individual Entrepreneurship Capacity and Performance of SMEs

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