Ray Fisman and Tim Sullivan
Inventory controls, workplace efficiency, and more paperwork help countries and businesses more than you can imagine.
Some firms are better than others at marrying new digital technology to fresh ways of operating. A new study by Nicholas Bloom of Stanford University, Raffaella Sadun of Harvard Business School and John Van Reenen of the London School of Economics supports the idea that digitisation alone is not enough to drive growth. Their data show that American firms tend to have more information technology than comparable European ones, and are better at squeezing productivity out of it.
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