Will the Crisis Affect the Economic Recovery in Eastern European Countries? Evidence from Firm Level Data
Two sources of growth are firm learning and innovation. Using a unique panel data for 1,686 firms in six countries (Bulgaria, Hungary, Latvia, Lithuania, Romania, and Turkey), this paper applies panel data estimators and Juhn-Murphy Pierce decompos...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100423135253 http://hdl.handle.net/10986/3765 |
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okr-10986-37652021-04-23T14:02:12Z Will the Crisis Affect the Economic Recovery in Eastern European Countries? Evidence from Firm Level Data Correa, Paulo Iootty, Mariana ANNUAL GROWTH ANNUAL GROWTH RATE BUSINESS ENVIRONMENT CAPABILITIES COMPETITIVE ENVIRONMENT CORPORATE GROWTH CUMULATIVE DISTRIBUTION CUMULATIVE DISTRIBUTION FUNCTION DATA ANALYSIS DEPENDENT VARIABLE DEVELOPING COUNTRIES ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMICS EMPIRICAL LITERATURE EMPIRICAL WORK EMPLOYMENT ENTERPRISE SECTOR ENTERPRISE SURVEY ENTREPRENEURSHIP EQUIPMENTS ERROR TERM ESTIMATED COEFFICIENTS EXCHANGE RATE EXPLANATORY VARIABLES FINANCIAL CRISIS FINANCIAL SECTOR FIRM SIZE FIRMS FIXED EFFECTS GLOBAL ECONOMY GROWTH EQUATION GROWTH PERFORMANCE GROWTH PROSPECTS GROWTH RATE GROWTH RATES HUMAN CAPITAL HUMAN RESOURCES INCREASING RETURNS INNOVATION INTANGIBLE ASSETS INTERNATIONAL TRADE LONG RUN MACRO POLICIES MANUFACTURING MERGER NEGATIVE EFFECT NEGATIVE IMPACT NEGATIVE SIGN 0 HYPOTHESIS PERFORMANCE MEASURES POLICY RESEARCH POLITICAL ECONOMY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY R&D RESULT RESULTS SERIAL CORRELATION SKILLED LABOR TECHNOLOGICAL CHANGE TIME PERIODS USES WAGE DIFFERENTIALS WEB Two sources of growth are firm learning and innovation. Using a unique panel data for 1,686 firms in six countries (Bulgaria, Hungary, Latvia, Lithuania, Romania, and Turkey), this paper applies panel data estimators and Juhn-Murphy Pierce decomposition in order to identify the effects of the global economic crisis on sales growth of innovative and young enterprises in Eastern European countries. The results show that innovative and young firms were significantly more affected by the crisis than non innovative and older enterprises. The authors interpret these results as an indication that the achievement of pre-crisis growth rates in those countries may be difficult. 2012-03-19T18:39:25Z 2012-03-19T18:39:25Z 2010-04-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100423135253 http://hdl.handle.net/10986/3765 English Policy Research working paper ; no. WPS 5278 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper Commonwealth of Independent States Hungary Bulgaria Romania Turkey Lithuania Latvia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ANNUAL GROWTH ANNUAL GROWTH RATE BUSINESS ENVIRONMENT CAPABILITIES COMPETITIVE ENVIRONMENT CORPORATE GROWTH CUMULATIVE DISTRIBUTION CUMULATIVE DISTRIBUTION FUNCTION DATA ANALYSIS DEPENDENT VARIABLE DEVELOPING COUNTRIES ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMICS EMPIRICAL LITERATURE EMPIRICAL WORK EMPLOYMENT ENTERPRISE SECTOR ENTERPRISE SURVEY ENTREPRENEURSHIP EQUIPMENTS ERROR TERM ESTIMATED COEFFICIENTS EXCHANGE RATE EXPLANATORY VARIABLES FINANCIAL CRISIS FINANCIAL SECTOR FIRM SIZE FIRMS FIXED EFFECTS GLOBAL ECONOMY GROWTH EQUATION GROWTH PERFORMANCE GROWTH PROSPECTS GROWTH RATE GROWTH RATES HUMAN CAPITAL HUMAN RESOURCES INCREASING RETURNS INNOVATION INTANGIBLE ASSETS INTERNATIONAL TRADE LONG RUN MACRO POLICIES MANUFACTURING MERGER NEGATIVE EFFECT NEGATIVE IMPACT NEGATIVE SIGN 0 HYPOTHESIS PERFORMANCE MEASURES POLICY RESEARCH POLITICAL ECONOMY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY R&D RESULT RESULTS SERIAL CORRELATION SKILLED LABOR TECHNOLOGICAL CHANGE TIME PERIODS USES WAGE DIFFERENTIALS WEB |
| spellingShingle |
ANNUAL GROWTH ANNUAL GROWTH RATE BUSINESS ENVIRONMENT CAPABILITIES COMPETITIVE ENVIRONMENT CORPORATE GROWTH CUMULATIVE DISTRIBUTION CUMULATIVE DISTRIBUTION FUNCTION DATA ANALYSIS DEPENDENT VARIABLE DEVELOPING COUNTRIES ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMICS EMPIRICAL LITERATURE EMPIRICAL WORK EMPLOYMENT ENTERPRISE SECTOR ENTERPRISE SURVEY ENTREPRENEURSHIP EQUIPMENTS ERROR TERM ESTIMATED COEFFICIENTS EXCHANGE RATE EXPLANATORY VARIABLES FINANCIAL CRISIS FINANCIAL SECTOR FIRM SIZE FIRMS FIXED EFFECTS GLOBAL ECONOMY GROWTH EQUATION GROWTH PERFORMANCE GROWTH PROSPECTS GROWTH RATE GROWTH RATES HUMAN CAPITAL HUMAN RESOURCES INCREASING RETURNS INNOVATION INTANGIBLE ASSETS INTERNATIONAL TRADE LONG RUN MACRO POLICIES MANUFACTURING MERGER NEGATIVE EFFECT NEGATIVE IMPACT NEGATIVE SIGN 0 HYPOTHESIS PERFORMANCE MEASURES POLICY RESEARCH POLITICAL ECONOMY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY R&D RESULT RESULTS SERIAL CORRELATION SKILLED LABOR TECHNOLOGICAL CHANGE TIME PERIODS USES WAGE DIFFERENTIALS WEB Correa, Paulo Iootty, Mariana Will the Crisis Affect the Economic Recovery in Eastern European Countries? Evidence from Firm Level Data |
| geographic_facet |
Commonwealth of Independent States Hungary Bulgaria Romania Turkey Lithuania Latvia |
| relation |
Policy Research working paper ; no. WPS 5278 |
| description |
Two sources of growth are firm learning
and innovation. Using a unique panel data for 1,686 firms in
six countries (Bulgaria, Hungary, Latvia, Lithuania,
Romania, and Turkey), this paper applies panel data
estimators and Juhn-Murphy Pierce decomposition in order to
identify the effects of the global economic crisis on sales
growth of innovative and young enterprises in Eastern
European countries. The results show that innovative and
young firms were significantly more affected by the crisis
than non innovative and older enterprises. The authors
interpret these results as an indication that the
achievement of pre-crisis growth rates in those countries
may be difficult. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Correa, Paulo Iootty, Mariana |
| author_facet |
Correa, Paulo Iootty, Mariana |
| author_sort |
Correa, Paulo |
| title |
Will the Crisis Affect the Economic Recovery in Eastern European Countries? Evidence from Firm Level Data |
| title_short |
Will the Crisis Affect the Economic Recovery in Eastern European Countries? Evidence from Firm Level Data |
| title_full |
Will the Crisis Affect the Economic Recovery in Eastern European Countries? Evidence from Firm Level Data |
| title_fullStr |
Will the Crisis Affect the Economic Recovery in Eastern European Countries? Evidence from Firm Level Data |
| title_full_unstemmed |
Will the Crisis Affect the Economic Recovery in Eastern European Countries? Evidence from Firm Level Data |
| title_sort |
will the crisis affect the economic recovery in eastern european countries? evidence from firm level data |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100423135253 http://hdl.handle.net/10986/3765 |
| _version_ |
1764388213599764480 |