Business Environment, Economic Agglomeration and Job Creation around the World
Based on a comprehensive worldwide firm survey, this paper looks at how the business environment and economic agglomeration affect job creation, holding constant conventional determinants of firm growth, such as firm ownership, size, and age. The a...
| Main Authors: | , , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/11/18523268/business-environment-economic-agglomeration-job-creation-around-world http://hdl.handle.net/10986/16907 |
| Summary: | Based on a comprehensive worldwide firm
survey, this paper looks at how the business environment and
economic agglomeration affect job creation, holding constant
conventional determinants of firm growth, such as firm
ownership, size, and age. The analysis finds that economic
agglomeration is most important, especially modern
telecommunications, access to export markets, concentration
of economic activity in large cities, and capacity
agglomeration (the concentration of large firms in a city).
Although the business environment affects job growth less
than agglomeration does, some elements of the business
environment matter, such as labor flexibility, unionization,
and local skill levels. There is strong heterogeneity in job
creation across firm size and age. |
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