Role of MMT Flashcards
Findings of Bloom and Van Reenen (2007) about varying MMT practices across countries
- Large Variation across countries
- Large variation in practices within countries
- MMT correlates with GDP
- MMT correlates with profitability and survival
Findings of Bloom et al (2012) Indian textile firms consultancy treatment.
-consultancy led to a 20% increase in TFP within 1 year
-Quality defects reduce by around half
Bloom et al. 2012 = What does the regression of quantifying MMT practice effects mean
-As the beta coefficients for during is lesser in magnitude than implementation means that as time went on the effect of moving to better MMT practices increased.
Bloom et al. 2012 = What were the issues with the existing MMT practices in these Indian textile firms
-Rubbish everywhere
-chemicals left in unsafe storage
-spare parts were not probably labelled
-serious disorganisation in the shelves
Bloom et al. 2012 = How many waves of treatment were there and what practices were encouraged?
Two waves of treatment to see the effects.
-Firms were consulted to implement a floor cleaning policy and improve book keeping of sales and defects.
Bloom et al. 2012 = what were the reasons for managers to not have implemented these MMT practices already?
-Managers were uneducated and unaware of these practice techniques
-Managers knew but did not think that these practices were important/worked.
Bloom et al. 2012 = Were the effects persistent in the long run?
Many practices were dropped due to turnover in MMT, however, differences in productivity remained between treatment and control groups.
Bloom, Sadun and Van Reenen (2013) = What is the IV used in this paper and what are the results found?
IV - Political Marginality
- PM is good as places with high marginality between parties will have higher competition between hospitals (Parties reluctant to close any).
- Results show higher competition; higher management quality and improved performance.
Hospitals perform worse when they are?
-Public
-Less educated staff
- Smaller
-Face less competition
Bloom, Lemos, Sadun and Van Reenen (2015) = What are the results of the paper on schooling
Higher management quality is found in non-regulated public schools (grammar schools) and this is attributed to better principal leadership and governance.
-Higher MMT quality then translates to higher educational performance of pupils
What are the reasons for schools performing badly?
-Public, government regulated
-high teacher to pupil ratio
-large school size
