International Data on Measuring Management Practices, 2016. (with N Bloom, R Lemos, R Sadun and J Van Reenen)
American Economic Association – Papers & Proceedings
Rapid advances in computer power and increased openness of national statistical agencies have led to unprecedented availability of large datasets. Consider three types of firm datasets. First, governments collect administrative data on firms: information on jobs, investment and output has long been collected to calculate national, industrial and regional statistics. Second, there has been an explosion of Big Data – various forms of data typically created for business purposes. Products like ORBIS contain over 50 million firms from almost every country in the world and can be used to address many questions. Another example is Compustat, which contains extensive data for about 6,000 listed US firms but excludes the other 99% of private firms. We focus on a third type of international firm data, which is collected from surveys. In an age of rich administrative and Big Data why bother with such surveys?