Gert Bijnens

147 posts

Gert Bijnens

Gert Bijnens

@bijneman

Economist @NBB_BNB_NL

Katılım Nisan 2014
259 Takip Edilen69 Takipçiler
Sabitlenmiş Tweet
Gert Bijnens
Gert Bijnens@bijneman·
Do consultants do anything useful? @TheEconomist once asked. We answered—with data. Turns out: yes. Strategic consulting does boost productivity. And there's still room to grow. How do we know? We used administrative data for every firm in Belgium. #EconTwitter
English
1
0
2
167
🇨🇳XuZhenqing徐祯卿
🇨🇳XuZhenqing徐祯卿@XueJia24682·
✨🇨🇳Chinese autonomous driving technology company WeRide is currently testing its autonomous minibuses in Leuven, Belgium. Equipped with AI, LiDAR and cameras, the robobus runs on a test route from Leuven train station to the city center, with speeds up to 60km/h once deployed.
🇨🇳XuZhenqing徐祯卿 tweet media🇨🇳XuZhenqing徐祯卿 tweet media
English
1
0
7
612
Gert Bijnens retweetledi
Simon Jäger
Simon Jäger@simon_jaeger·
Toni Erdmann und Admin-Daten? Die @faznet bringt's zusammen! @alexwulfers zu unserem neuen Forschungspapier "What Does Consulting Do?" mit @bijneman und @Schoefer_B, indem wir uns mit belgischen Daten anschauen, welche Firmen Consultants nutzen und was passiert, wenn sie das tun
Simon Jäger tweet mediaSimon Jäger tweet media
Deutsch
6
6
20
6.2K
Gert Bijnens retweetledi
Simon Jäger
Simon Jäger@simon_jaeger·
What does consulting do? Lots of strongly held views, very limited data to answer the question. In new @nberpubs paper, @bijneman @Schoefer_B and I shed light on this question using the first economy-wide data on consulting relationships (based on VAT-based B2B data). More👇
Simon Jäger tweet media
English
1
26
133
14.1K
Gert Bijnens retweetledi
Shadarevian
Shadarevian@vartanshad·
This is easier to believe than the alternative hypothesis that consulting is a longstanding charade that helps provide corporate cover.
Benjamin Schoefer@Schoefer_B

New paper: "What Does Consulting Do?" w/ Gert Bijnens, @simon_jaeger Consulting is a storied but opaque industry. Our VAT-based B2B data permit the 1st comprehensive study: Which firms buy consulting? What happens when they do? nber.org/papers/w34072 eml.berkeley.edu/~schoefer/scho…

English
0
1
4
175
Gert Bijnens retweetledi
Ethan Mollick
Ethan Mollick@emollick·
Very cool careful paper that shows that management consulting has a direct, positive (but small) effect on businesses in Belgium. Companies spend 3% of their revenue on engagements, and get "positive effects on labor productivity of 3.6% over five years" and increases in wages.
Ethan Mollick tweet media
Benjamin Schoefer@Schoefer_B

New paper: "What Does Consulting Do?" w/ Gert Bijnens, @simon_jaeger Consulting is a storied but opaque industry. Our VAT-based B2B data permit the 1st comprehensive study: Which firms buy consulting? What happens when they do? nber.org/papers/w34072 eml.berkeley.edu/~schoefer/scho…

English
4
11
124
26.1K
Gert Bijnens retweetledi
Koenfucius 🔍
Koenfucius 🔍@koenfucius·
Contrary to the trope that consultants borrow your watch to tell you the time (and keep it) or the assumption they’re hired for internal political reasons, ingenious research by @bijneman et al finds they boost profitability (and not at workers’ expense): buff.ly/KE6ftQC
Koenfucius 🔍 tweet mediaKoenfucius 🔍 tweet media
English
0
4
2
440
Gert Bijnens retweetledi
Nicholas Decker
Nicholas Decker@captgouda24·
This is a really exciting paper. Since consultants are often hired by failing firms, we will get biased estimates if we approach it naively. RCTs are incredibly expensive. They use super detailed firm data plus diff-in-diff, which is honestly fairly convincing.
Benjamin Schoefer@Schoefer_B

New paper: "What Does Consulting Do?" w/ Gert Bijnens, @simon_jaeger Consulting is a storied but opaque industry. Our VAT-based B2B data permit the 1st comprehensive study: Which firms buy consulting? What happens when they do? nber.org/papers/w34072 eml.berkeley.edu/~schoefer/scho…

English
0
1
15
3K
Gert Bijnens retweetledi
David Shor
David Shor@davidshor·
Companies that hire consulting firms see large increases in labor productivity and also large increases of wages, with no decline in labor share or value added. It seems like a lot of the more nihilist theories of why companies hire consultants are not true on average!
Benjamin Schoefer@Schoefer_B

New paper: "What Does Consulting Do?" w/ Gert Bijnens, @simon_jaeger Consulting is a storied but opaque industry. Our VAT-based B2B data permit the 1st comprehensive study: Which firms buy consulting? What happens when they do? nber.org/papers/w34072 eml.berkeley.edu/~schoefer/scho…

English
34
124
1.2K
168K
Gert Bijnens retweetledi
Alex Imas
Alex Imas@alexolegimas·
I’ve been waiting for someone to write this paper, glad to see this all-star team pull it off. Looks like consulting does add direct value, contrary to what many academics (including myself) have thought. (My prior was consulting solved agency issues w/in firms).
Benjamin Schoefer@Schoefer_B

New paper: "What Does Consulting Do?" w/ Gert Bijnens, @simon_jaeger Consulting is a storied but opaque industry. Our VAT-based B2B data permit the 1st comprehensive study: Which firms buy consulting? What happens when they do? nber.org/papers/w34072 eml.berkeley.edu/~schoefer/scho…

English
5
25
177
21.1K
Gert Bijnens retweetledi
Archie Hall
Archie Hall@ArchieHall·
Great new paper which finds that—against the snark—management consulting does make firms more productive (at least in Belgium).
Archie Hall tweet media
Benjamin Schoefer@Schoefer_B

New paper: "What Does Consulting Do?" w/ Gert Bijnens, @simon_jaeger Consulting is a storied but opaque industry. Our VAT-based B2B data permit the 1st comprehensive study: Which firms buy consulting? What happens when they do? nber.org/papers/w34072 eml.berkeley.edu/~schoefer/scho…

English
4
20
149
16.3K
Gert Bijnens
Gert Bijnens@bijneman·
Do consultants do anything useful? @TheEconomist once asked. We answered—with data. Turns out: yes. Strategic consulting does boost productivity. And there's still room to grow. How do we know? We used administrative data for every firm in Belgium. #EconTwitter
English
1
0
2
167

Keşfet

@XueJia24682 @faznet @alexwulfers @Schoefer_B @NBB_BNB_FR @NBB_BNB_NL @simon_jaeger @nberpubs