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Ufuk Akcigit
Ufuk Akcigit is Professor of Economics at the University of Chicago. He is a Non- Resident Senior Fellow in the Global Economy and Development Program at Brookings and an elected Research Associate at the National Bureau of Economic Research NBER), Center for Economic Policy Research (CEPR), and the Center forEconomic Studies, and a Distinguished Research Fellow at Koc University. As a macroeconomist, Akcigit’s research centres on economic growth, technological creativity, innovation, entrepreneurship, productivity, and firm dynamics. Akcigit is an Associate Editor at the Journal of Economic Growth. He previously served as an Associate Editor at the Journal of the European Economic Association.
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‘Outside’ managers’ productivity, firm dynamics, and economy growth
In developed countries, many industrial giants have humble beginnings as small, family-owned businesses, but nonetheless expand to hundreds of thousands of employees over time by relying on professional managers running key operations. Why does this not occur to the same degree in India? This article explores how the lower productivity of ‘outside’ managers in developing economies impacts firm growth.
