--- canonical_url: "https://csls.ca/ipm-archive/ipm-issue-46/employment-output-and-productivity-adjustment-during-the-great-recession-the-role-of-managerial-quality/" title: "Employment, Output and Productivity Adjustment During the Great Recession: The Role of Managerial Quality" author: name: "CSLS" url: "https://csls.ca/author/cslc/" date_published: "2026-07-13T08:15:22+00:00" date_modified: "2026-07-17T09:51:12+00:00" post_type: "ipm" summary: "" ipm_issue_period: - "Spring 2024" ipm_keyword: - "2007-2015" - "employment" - "Great Recession" - "labour share" - "local projection" - "managerial quality" - "OECD" - "output" - "productivity" - "World Management Survey" ipm_research_theme: - "Sectoral and firm-level dynamics" ipm_country_focus: - "International" - "OECD" featured_image: "https://csls.ca/wp-content/uploads/2026/06/IPM_50_banner.webp" status: "publish" --- # Employment, Output and Productivity Adjustment During the Great Recession: The Role of Managerial Quality Canonical URL: https://csls.ca/ipm-archive/ipm-issue-46/employment-output-and-productivity-adjustment-during-the-great-recession-the-role-of-managerial-quality/ # Employment, Output and Productivity Adjustment During the Great Recession: The Role of Managerial Quality [Download full PDF article](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-46-5-Cette-Lopez-Mairesse-Nicoletti.pdf) Cite this article × Cite this article as: Cette, Gilbert, Jimmy Lopez, Jacques Mairesse, and Giuseppe Nicoletti. 2024. “Employment, Output and Productivity Adjustment During the Great Recession: The Role of Managerial Quality.” International Productivity Monitor, No. 46 (Spring 2024): 101–108. https://csls.ca/ipm-archive/ipm-issue-46/employment-output-and-productivity-adjustment-during-the-great-recession-the-role-of-managerial-quality/ ## Authors: - Gilbert Cette Banque de France; University of Aix-Marseille II (CEDERS); INSEE-CREST; University of Aix-Marseille II (CEDERS) - Jimmy Lopez Université de la Méditerranée - Jacques Mairesse Banque de France; University of Aix-Marseille II (CEDERS); INSEE-CREST; University of Aix-Marseille II (CEDERS) - Giuseppe Nicoletti Economics Department, OECD ## IPM Issue 46 Spring 2024 pp. 101–108 ## Related IPM articles [Is the SNA Still Useful? 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We then rely on the local projection method pioneered by Jordà (2005) to estimate the impact of the shocks on post-2009 macro developments at different levels of managerial quality. We find that both production and employment were more resilient in countries where management quality is higher, resulting in no significant cumulative impact of management quality on productivity over the recovery. The effects of management on production and employment resilience are stronger for industries deeply affected by the 2008 crisis and go along with wage moderation and a slight increase in the labour share. Cette étude examine empiriquement comment les différences dans les pratiques de gestion ont façonné la reprise macroéconomique de la Grande Récession de 2008. Nous construisons un panel pays-industrie sur la période 2007-2015 pour dix-huit industries dans neuf pays de l’OCDE, en utilisant un indicateur de qualité managériale au niveau national fondé sur les scores des pratiques de gestion collectés au niveau des entreprises par Bloom et coll. (2012) et un indicateur mesurant les chocs au niveau industriel causés par la crise économique de 2008. Nous constatons que la production et l’emploi étaient plus résilients dans les pays où la qualité managériale est plus élevée, et que la reprise était plus rapide et plus forte dans ces pays. [Download full PDF](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-46-5-Cette-Lopez-Mairesse-Nicoletti.pdf)