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Will the Crisis Affect the Economic Recovery in Eastern European Countries ? : Evidence From Firm Level Data / Iootty, Mariana
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Iootty, Mariana
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- 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 Enterprise.
- Local Subjects:
- 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 Enterprise.
- Physical Description:
- 1 online resource (30 pages)
- Other Title:
- Will the Crisis Affect the Economic Recovery in Eastern European Countries ?
- Place of Publication:
- Washington, D.C., The World Bank, 2010
- System Details:
- data file
- Summary:
- 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.
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