Will the Crisis Affect the Economic Recovery in Eastern European Countries ? [electronic resource] : Evidence From Firm Level Data / Iootty, Mariana
Material type:
TextPublication details: Washington, D.C., The World Bank, 2010Description: 1 online resource (30 p.)Subject(s): Achieving Shared Growth | Annual growth | Annual growth rate | Business environment | Corporate growth | E-Business | Economic Growth | Economic growth | Employment | Entrepreneurship | Finance and Financial Sector Development | Financial crisis | Financial Sector | Firm size | Firms | Growth performance | Growth prospects | Growth rate | Growth rates | Human capital | Industry | International trade | Macroeconomics and Economic Growth | Merger | Microfinance | Negative impact | Policy Research | Poverty Reduction | Private Sector Development | Small Scale EnterpriseAdditional physical formats: Iootty, Mariana.: Will the Crisis Affect the Economic Recovery in Eastern European Countries ?Online resources: Click here to access online Abstract: 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.
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.
There are no comments on this title.