Irma M. and Robert D. Morris Professor of Economics Derek C. Jones has received another grant for a project titled "Economic Performance and Human Resource Management Policies: Econometric Evidence from the Baltics." The grant was awarded by the National Council for Eurasian and East European research and will run from October 2004 thru the end of 2006.
Jones' project will assemble individual data for several years from several plants located in the Baltics and Russia of a single multinational firm. His research is in contrast to existing work that investigates links between business success and workplace innovations that overwhelmingly uses firm-level data.
These extraordinary rich and large micro-data set will enable a series of rigorous econometric studies of the economic effects of diverse innovations concerning human resources, such as teams and profit sharing, to be undertaken. Findings will provide important contributions to the growing field of "insider econometrics" (Ichniowski et al., JEP, 2003; Bartel et al, AER, 2004).
