TY  - BOOK
AU  - Iootty,Mariana
AU  - Correa,Paulo
AU  - Iootty,Mariana
TI  - Will the Crisis Affect the Economic Recovery in Eastern European Countries ?: Evidence From Firm Level Data 
PY  - 2010///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Achieving Shared Growth
KW  - Annual growth
KW  - Annual growth rate
KW  - Business environment
KW  - Corporate growth
KW  - E-Business
KW  - Economic Growth
KW  - Economic growth
KW  - Employment
KW  - Entrepreneurship
KW  - Finance and Financial Sector Development
KW  - Financial crisis
KW  - Financial Sector
KW  - Firm size
KW  - Firms
KW  - Growth performance
KW  - Growth prospects
KW  - Growth rate
KW  - Growth rates
KW  - Human capital
KW  - Industry
KW  - International trade
KW  - Macroeconomics and Economic Growth
KW  - Merger
KW  - Microfinance
KW  - Negative impact
KW  - Policy Research
KW  - Poverty Reduction
KW  - Private Sector Development
KW  - Small Scale Enterprise
N2  - 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
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-5278
ER  -