Organizational Innovations and Economic Growth

Organizational innovations have, until now, taken second place to technical innovations (for example, machinery) in explaining sectoral and economic growth. This book redresses this imbalance by showing the long-run importance of organizational innovations, such as the just-in-time system and quality control management, in economic growth and development.Analysing the USA and Japan from the late 19th century to the present day, the book provides an accessible synthesis of economics, management and econometrics to calculate the impact of various organizational innovations on economic growth. The author concludes that organizational innovations make essential contributions to sustained economic growth and that this should be reflected in economic policy both at the firm and the national level.