Determinants of Job Creation in Eleven New EU Member States : Evidence from Firm Level Data
This paper builds on the analysis of job creation developed in World Bank (2013) to provide an empirical investigation of the industry and firm-specific determinants of the job creation process in eleven new European Union (EU11) economies. It reli...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/07/18015716/determinants-job-creation-eleven-new-eu-member-states-evidence-firm-level-data http://hdl.handle.net/10986/15891 |
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okr-10986-158912021-04-23T14:03:26Z Determinants of Job Creation in Eleven New EU Member States : Evidence from Firm Level Data Oberhofer, Harald Vincelette, Gallina A. ACCOUNTING BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CDF CENTRALLY PLANNED ECONOMIES COMPETITORS CORPORATE GROWTH CORPORATIONS CREATING JOBS CRISES DEVELOPED COUNTRIES DRIVERS ECONOMIC ACTIVITY ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMICS EMPIRICAL EVIDENCE EMPIRICAL STUDIES EMPLOYMENT EMPLOYMENT EFFECTS EMPLOYMENT GROWTH EMPLOYMENT GROWTH RATE EMPLOYMENT GROWTH RATES EMPLOYMENT PERFORMANCE EMPLOYMENT RATES ENTREPRENEURS ENTREPRENEURSHIP ENTRY BARRIERS ESTIMATED PARAMETERS EXPANSION FINANCIAL RESOURCES FIRM ENTRY FIRM EXIT FIRM GROWTH FIRM LEVEL FIRM PRODUCTIVITY FIRM SIZE FISHING FISHING FIRMS FOREIGN DIRECT INVESTMENT INCOME INDUSTRY CHARACTERISTICS INNOVATION INTERMEDIATE INPUTS JOB CREATION JOB CREATION RATE JOB CREATION RATES JOB DESTRUCTION JOB DESTRUCTION RATE JOB LOSS JOB LOSSES JOBLESS GROWTH JOBS LABOR DEMAND LABOR MARKETS LABOR REGULATION LABOR REGULATIONS LABOR RESOURCES LICENSING MANUFACTURING INDUSTRIES MARGINAL FIRM MARKET ENTRY MULTINATIONAL NET JOB CREATION POLICY MAKERS PREVIOUS WORK PROBIT REGRESSIONS PRODUCTION FUNCTIONS PRODUCTIVE FIRMS PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS PUBLIC PROCUREMENT PROCEDURES PUBLIC SERVICES RETAIL TRADE SERVICE INDUSTRIES SERVICE PROVIDERS SERVICE SECTOR SMALL BUSINESS SMALL BUSINESSES SMALL FIRM SMALL FIRMS TAX SYSTEMS TAXATION TOTAL FACTOR PRODUCTIVITY UNEMPLOYMENT UNEMPLOYMENT RATES WORKERS This paper builds on the analysis of job creation developed in World Bank (2013) to provide an empirical investigation of the industry and firm-specific determinants of the job creation process in eleven new European Union (EU11) economies. It relies on the Amadeus dataset of firms during 2002-2009. The main results indicate that during the years prior to the global financial crisis, traditional industries were crucial for the net creation of jobs in EU11. However, traditional industries were the ones most severely affected by the financial crisis. By contrast, services firms were less vulnerable to the economic downturn. At the firm level, small and young firms registered the highest employment growth rates. The empirical results also indicate that more productive firms tended to be less vulnerable to economic downturns. Moreover, the results demonstrate that the perceived quality of the business climate by the EU11 enterprises is correlated with not only the firms' employment growth, but also their productivity. In the post-crisis period, poor business restrictions were negatively associated with the creation of jobs. All these findings hold for the group of high-growth firms that disproportionately accounted for the creation of new jobs in the EU11 economies. 2013-09-26T20:27:44Z 2013-09-26T20:27:44Z 2013-07 http://documents.worldbank.org/curated/en/2013/07/18015716/determinants-job-creation-eleven-new-eu-member-states-evidence-firm-level-data http://hdl.handle.net/10986/15891 English en_US Policy Research Working Paper;No. 6533 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Europe European Union |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CDF CENTRALLY PLANNED ECONOMIES COMPETITORS CORPORATE GROWTH CORPORATIONS CREATING JOBS CRISES DEVELOPED COUNTRIES DRIVERS ECONOMIC ACTIVITY ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMICS EMPIRICAL EVIDENCE EMPIRICAL STUDIES EMPLOYMENT EMPLOYMENT EFFECTS EMPLOYMENT GROWTH EMPLOYMENT GROWTH RATE EMPLOYMENT GROWTH RATES EMPLOYMENT PERFORMANCE EMPLOYMENT RATES ENTREPRENEURS ENTREPRENEURSHIP ENTRY BARRIERS ESTIMATED PARAMETERS EXPANSION FINANCIAL RESOURCES FIRM ENTRY FIRM EXIT FIRM GROWTH FIRM LEVEL FIRM PRODUCTIVITY FIRM SIZE FISHING FISHING FIRMS FOREIGN DIRECT INVESTMENT INCOME INDUSTRY CHARACTERISTICS INNOVATION INTERMEDIATE INPUTS JOB CREATION JOB CREATION RATE JOB CREATION RATES JOB DESTRUCTION JOB DESTRUCTION RATE JOB LOSS JOB LOSSES JOBLESS GROWTH JOBS LABOR DEMAND LABOR MARKETS LABOR REGULATION LABOR REGULATIONS LABOR RESOURCES LICENSING MANUFACTURING INDUSTRIES MARGINAL FIRM MARKET ENTRY MULTINATIONAL NET JOB CREATION POLICY MAKERS PREVIOUS WORK PROBIT REGRESSIONS PRODUCTION FUNCTIONS PRODUCTIVE FIRMS PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS PUBLIC PROCUREMENT PROCEDURES PUBLIC SERVICES RETAIL TRADE SERVICE INDUSTRIES SERVICE PROVIDERS SERVICE SECTOR SMALL BUSINESS SMALL BUSINESSES SMALL FIRM SMALL FIRMS TAX SYSTEMS TAXATION TOTAL FACTOR PRODUCTIVITY UNEMPLOYMENT UNEMPLOYMENT RATES WORKERS |
| spellingShingle |
ACCOUNTING BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CDF CENTRALLY PLANNED ECONOMIES COMPETITORS CORPORATE GROWTH CORPORATIONS CREATING JOBS CRISES DEVELOPED COUNTRIES DRIVERS ECONOMIC ACTIVITY ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMICS EMPIRICAL EVIDENCE EMPIRICAL STUDIES EMPLOYMENT EMPLOYMENT EFFECTS EMPLOYMENT GROWTH EMPLOYMENT GROWTH RATE EMPLOYMENT GROWTH RATES EMPLOYMENT PERFORMANCE EMPLOYMENT RATES ENTREPRENEURS ENTREPRENEURSHIP ENTRY BARRIERS ESTIMATED PARAMETERS EXPANSION FINANCIAL RESOURCES FIRM ENTRY FIRM EXIT FIRM GROWTH FIRM LEVEL FIRM PRODUCTIVITY FIRM SIZE FISHING FISHING FIRMS FOREIGN DIRECT INVESTMENT INCOME INDUSTRY CHARACTERISTICS INNOVATION INTERMEDIATE INPUTS JOB CREATION JOB CREATION RATE JOB CREATION RATES JOB DESTRUCTION JOB DESTRUCTION RATE JOB LOSS JOB LOSSES JOBLESS GROWTH JOBS LABOR DEMAND LABOR MARKETS LABOR REGULATION LABOR REGULATIONS LABOR RESOURCES LICENSING MANUFACTURING INDUSTRIES MARGINAL FIRM MARKET ENTRY MULTINATIONAL NET JOB CREATION POLICY MAKERS PREVIOUS WORK PROBIT REGRESSIONS PRODUCTION FUNCTIONS PRODUCTIVE FIRMS PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS PUBLIC PROCUREMENT PROCEDURES PUBLIC SERVICES RETAIL TRADE SERVICE INDUSTRIES SERVICE PROVIDERS SERVICE SECTOR SMALL BUSINESS SMALL BUSINESSES SMALL FIRM SMALL FIRMS TAX SYSTEMS TAXATION TOTAL FACTOR PRODUCTIVITY UNEMPLOYMENT UNEMPLOYMENT RATES WORKERS Oberhofer, Harald Vincelette, Gallina A. Determinants of Job Creation in Eleven New EU Member States : Evidence from Firm Level Data |
| geographic_facet |
Europe and Central Asia Europe European Union |
| relation |
Policy Research Working Paper;No. 6533 |
| description |
This paper builds on the analysis of job
creation developed in World Bank (2013) to provide an
empirical investigation of the industry and firm-specific
determinants of the job creation process in eleven new
European Union (EU11) economies. It relies on the Amadeus
dataset of firms during 2002-2009. The main results indicate
that during the years prior to the global financial crisis,
traditional industries were crucial for the net creation of
jobs in EU11. However, traditional industries were the ones
most severely affected by the financial crisis. By contrast,
services firms were less vulnerable to the economic
downturn. At the firm level, small and young firms
registered the highest employment growth rates. The
empirical results also indicate that more productive firms
tended to be less vulnerable to economic downturns.
Moreover, the results demonstrate that the perceived quality
of the business climate by the EU11 enterprises is
correlated with not only the firms' employment growth,
but also their productivity. In the post-crisis period, poor
business restrictions were negatively associated with the
creation of jobs. All these findings hold for the group of
high-growth firms that disproportionately accounted for the
creation of new jobs in the EU11 economies. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Oberhofer, Harald Vincelette, Gallina A. |
| author_facet |
Oberhofer, Harald Vincelette, Gallina A. |
| author_sort |
Oberhofer, Harald |
| title |
Determinants of Job Creation in Eleven New EU Member States : Evidence from Firm Level Data |
| title_short |
Determinants of Job Creation in Eleven New EU Member States : Evidence from Firm Level Data |
| title_full |
Determinants of Job Creation in Eleven New EU Member States : Evidence from Firm Level Data |
| title_fullStr |
Determinants of Job Creation in Eleven New EU Member States : Evidence from Firm Level Data |
| title_full_unstemmed |
Determinants of Job Creation in Eleven New EU Member States : Evidence from Firm Level Data |
| title_sort |
determinants of job creation in eleven new eu member states : evidence from firm level data |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2013/07/18015716/determinants-job-creation-eleven-new-eu-member-states-evidence-firm-level-data http://hdl.handle.net/10986/15891 |
| _version_ |
1764431880644460544 |