Firm Dynamics and Job Creation in the Former Yugoslav Republic of Macedonia

Good jobs are in short supply in the former Yugoslav Republic of Macedonia. Sustainable, better employment opportunities must come from higher labor demand from a dynamic and internationally competitive private sector, the result of an advanced eco...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	JOB CREATION FIRM DYNAMICS ENTREPRENEURSHIP STRUCTURAL TRANSFORMATION
Online Access:	http://documents.worldbank.org/curated/en/982121498623703665/Firm-dynamics-and-job-creation-in-the-former-Yugoslav-Republic-of-Macedonia http://hdl.handle.net/10986/27744

id	okr-10986-27744
recordtype	oai_dc
spelling	okr-10986-277442021-05-25T09:01:45Z Firm Dynamics and Job Creation in the Former Yugoslav Republic of Macedonia World Bank JOB CREATION FIRM DYNAMICS ENTREPRENEURSHIP STRUCTURAL TRANSFORMATION Good jobs are in short supply in the former Yugoslav Republic of Macedonia. Sustainable, better employment opportunities must come from higher labor demand from a dynamic and internationally competitive private sector, the result of an advanced economic transition from a state controlled to a market led economy. This note focuses on job creation from the perspective of enterprise sector dynamics in the former Yugoslav Republic of Macedonia. The purpose is to understand, better, the dynamics of job creation, where and how firms and jobs are created, and the most important constraints to job creation from the firm perspective. Drawing on several sources of data, including firm registry, data on entrepreneurship, labor force surveys, and policy indicators, the note contributes to the job diagnostics necessary to devise relevant policy to increase job opportunities in the former Yugoslav Republic of Macedonia and is intended to provide guidance to researchers and policymakers in other countries wishing to understand better the role of the private sector in employment. Despite some significant business climate reforms, the former Yugoslav Republic of Macedonia has not seen private sector dynamics or ‘entrepreneurship’ improve sufficiently. In sum, the transition of workers and jobs from low productivity sectors to higher productivity sectors has stalled in the former Yugoslav Republic of Macedonia. Prior to the economic crisis, countries which had advanced more in the transition process saw higher productivity growth than the former Yugoslav Republic of Macedonia, more inflows of workers into the services sector, and substantive net job creation. In the former Yugoslav Republic of Macedonia, in contrast, labor reallocation is still incomplete. One fifth of the population remains in low productivity agriculture and one third is informally employed. Between 2007 and 2011 the formal private sector created only 12 percent of all new jobs. 2017-08-10T22:10:49Z 2017-08-10T22:10:49Z 2017-01-23 Report http://documents.worldbank.org/curated/en/982121498623703665/Firm-dynamics-and-job-creation-in-the-former-Yugoslav-Republic-of-Macedonia http://hdl.handle.net/10986/27744 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Social Protection Study Economic & Sector Work Europe and Central Asia Macedonia, former Yugoslav Republic of North Macedonia (Formerly the Former Yugoslav Republic of Macedonia)
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	JOB CREATION FIRM DYNAMICS ENTREPRENEURSHIP STRUCTURAL TRANSFORMATION
spellingShingle	JOB CREATION FIRM DYNAMICS ENTREPRENEURSHIP STRUCTURAL TRANSFORMATION World Bank Firm Dynamics and Job Creation in the Former Yugoslav Republic of Macedonia
geographic_facet	Europe and Central Asia Macedonia, former Yugoslav Republic of North Macedonia (Formerly the Former Yugoslav Republic of Macedonia)
description	Good jobs are in short supply in the former Yugoslav Republic of Macedonia. Sustainable, better employment opportunities must come from higher labor demand from a dynamic and internationally competitive private sector, the result of an advanced economic transition from a state controlled to a market led economy. This note focuses on job creation from the perspective of enterprise sector dynamics in the former Yugoslav Republic of Macedonia. The purpose is to understand, better, the dynamics of job creation, where and how firms and jobs are created, and the most important constraints to job creation from the firm perspective. Drawing on several sources of data, including firm registry, data on entrepreneurship, labor force surveys, and policy indicators, the note contributes to the job diagnostics necessary to devise relevant policy to increase job opportunities in the former Yugoslav Republic of Macedonia and is intended to provide guidance to researchers and policymakers in other countries wishing to understand better the role of the private sector in employment. Despite some significant business climate reforms, the former Yugoslav Republic of Macedonia has not seen private sector dynamics or ‘entrepreneurship’ improve sufficiently. In sum, the transition of workers and jobs from low productivity sectors to higher productivity sectors has stalled in the former Yugoslav Republic of Macedonia. Prior to the economic crisis, countries which had advanced more in the transition process saw higher productivity growth than the former Yugoslav Republic of Macedonia, more inflows of workers into the services sector, and substantive net job creation. In the former Yugoslav Republic of Macedonia, in contrast, labor reallocation is still incomplete. One fifth of the population remains in low productivity agriculture and one third is informally employed. Between 2007 and 2011 the formal private sector created only 12 percent of all new jobs.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Firm Dynamics and Job Creation in the Former Yugoslav Republic of Macedonia
title_short	Firm Dynamics and Job Creation in the Former Yugoslav Republic of Macedonia
title_full	Firm Dynamics and Job Creation in the Former Yugoslav Republic of Macedonia
title_fullStr	Firm Dynamics and Job Creation in the Former Yugoslav Republic of Macedonia
title_full_unstemmed	Firm Dynamics and Job Creation in the Former Yugoslav Republic of Macedonia
title_sort	firm dynamics and job creation in the former yugoslav republic of macedonia
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/982121498623703665/Firm-dynamics-and-job-creation-in-the-former-Yugoslav-Republic-of-Macedonia http://hdl.handle.net/10986/27744
_version_	1764465001229189120

Firm Dynamics and Job Creation in the Former Yugoslav Republic of Macedonia

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