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Wal‐Mart innovation and productivity: a viewpoint

Author

Listed:
  • Richard B. Freeman
  • Alice O. Nakamura
  • Leonard I. Nakamura
  • Marc Prud’homme
  • Amanda Pyman

Abstract

Technology effects, business process development, and productivity growth are considered in the context of a single company: Wal‐Mart. The starting point is the 2001 McKinsey Global Institute report, which finds that over 1995–2000, a quarter of U.S. productivity growth is attributable to the retail industry, and almost a sixth of that is attributable to Wal‐Mart. Wal‐Mart is interesting as well because of its rapid growth in Canada. This is now Canada's largest private sector employer. We also consider other evidence relevant to public policy formation concerning Wal‐Mart and conclude with a discussion of options for partially filling important data gaps. On considère les effets de la technologie, le développement des processus d’affaires, et la croissance de la productivité dans le contexte d’une seule compagnie : Wal‐Mart. Le point de départ est le rapport de 2001 du McKinsey Global Institute qui révélait que, pour la période 1995‐2000, le quart de la croissance de la productivité aux Etats‐Unis était attribuable au commerce de détail, et un sixième à Wal‐Mart. Le cas Wal‐Mart est aussi intéressant à cause de sa croissance rapide au Canada. C’est maintenant le plus grand employeur privé au Canada. On considère certains résultats pertinents pour la formation de la politique publique en ce qui concerne Wal‐Mart, et on conclut par une discussion des options ouvertes pour résoudre des problèmes de trous importants dans les données.

Suggested Citation

  • Richard B. Freeman & Alice O. Nakamura & Leonard I. Nakamura & Marc Prud’homme & Amanda Pyman, 2011. "Wal‐Mart innovation and productivity: a viewpoint," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(2), pages 486-508, May.
  • Handle: RePEc:wly:canjec:v:44:y:2011:i:2:p:486-508
    DOI: 10.1111/j.1540-5982.2011.01641.x
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    Cited by:

    1. Chen-Yu Lin & David Marshall & John Dawson, 2013. "How Does Perceived Convenience Retailer Innovativeness Create Value for the Customer?," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 12(2), pages 171-179, December.
    2. Michelle Alexopoulos & Alice O. Nakamura, 2011. "Grappling with the elephant: a symposium on technical change and productivity," Canadian Journal of Economics, Canadian Economics Association, vol. 44(2), pages 381-386, May.
    3. Amin, Mohammad, 2015. "Competition and labor productivity in India's retail stores," Journal of Asian Economics, Elsevier, vol. 41(C), pages 57-68.
    4. Nuo Chen & Chong Ye & Jiaonan Wang, 2022. "Research on the Sustainability of Channel Strategy Selection on the Overall Efficiency of Listed Retail Enterprises: Evidence from China," Sustainability, MDPI, vol. 14(16), pages 1-25, August.
    5. W. Erwin Diewert & Takanobu Nakajima & Alice Nakamura & Emi Nakamura & Masao Nakamura, 2011. "Returns to scale: concept, estimation and analysis of Japan's turbulent 1964–88 economy," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(2), pages 451-485, May.
    6. Hayami, Hitoshi & Nakamura, Masao & Nakamura, Alice O., 2015. "Economic performance and supply chains: The impact of upstream firms׳ waste output on downstream firms׳ performance in Japan," International Journal of Production Economics, Elsevier, vol. 160(C), pages 47-65.
    7. Lin, Chen-Yu, 2015. "Conceptualizing and measuring consumer perceptions of retailer innovativeness in Taiwan," Journal of Retailing and Consumer Services, Elsevier, vol. 24(C), pages 33-41.
    8. Romero, Jaime & Cruz-Roche, Ignacio & Charron, Jean-Philippe, 2020. "The myth of price convergence under economic integration: A proposed explanation for the difference in food prices across European countries," European Management Journal, Elsevier, vol. 38(2), pages 267-276.

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    More about this item

    JEL classification:

    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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