TY - JOUR
T1 - Job Creation, Job Destruction, and Growth of Newly Established, Privatized, and State-Owned Enterprises in Transition Economies
T2 - Survey Evidence from Bulgaria, Hungary, and Romania
AU - Bilsen, Valentijn
AU - Konings, Jozef
N1 - Funding Information:
Bilsen, Valentijn, and Konings, Jozef—Job Creation, Job Destruction, and Growth of Newly Established, Privatized, and State-Owned Enterprises in Transition Economies: Survey Evidence from Bulgaria, Hungary, and Romania This paper reports new and unique firm-level survey evidence to investigate the microeconomic nature of the growth process and structural change in three transition countries, Romania, Bulgaria, and Hungary. In particular we investigate gross job creation and destruction in newly established private (de novo) firms and “traditional” ones, both state-owned and privatized firms, and find that the de novo private firms are the most dynamic in terms of job 1We acknowledge the financial support from the Phare-Ace Project P96-6203-R. The financial support of the KUL research fund and the FWO is also gratefully acknowledged. We thank Giulia Faggio, Hartmut Lehmann, Dale Mortenson, Leo Sleuwaegen, Hylke Vandenbussche, Patrick Van-houdt, Koen Vermeylen, and seminar participants at the Center for Economic Studies, Leuven, the Woodrow Wilson Center, Washington, DC, and the William Davidson Institute, University of Michigan, for their stimulating comments. We thank Marek Belka, Judith Karsai, Ognian Panov, and Despina Pascal for their cooperation in performing the survey. Finally we thank two anonymous referees and the editor John Bonin for their very helpful remarks.
PY - 1998/9
Y1 - 1998/9
N2 - This paper reports new and unique firm-level survey evidence to investigate the microeconomic nature of the growth process and structural change in three transition countries, Romania, Bulgaria, and Hungary. In particular we investigate gross job creation and destruction in newly established private (de novo) firms and "traditional" ones, both state-owned and privatized firms, and find that thede novoprivate firms are the most dynamic in terms of job creation. After controlling for size and life-cycle effects, we find thatde novoprivate firms consistently outperform the state-owned and privatized enterprises. In addition, we find that state-owned enterprises and privatized firms have on average the same firm-level employment growth.J. Comp. Econom.,September 1998, 26(3), pp. 429-445. University of Cambridge, Cambridge CB3 9DE, UK; Katholieke Universiteit Leuven, Leuven B-3000, Belgium; CEPR, London, UK.
AB - This paper reports new and unique firm-level survey evidence to investigate the microeconomic nature of the growth process and structural change in three transition countries, Romania, Bulgaria, and Hungary. In particular we investigate gross job creation and destruction in newly established private (de novo) firms and "traditional" ones, both state-owned and privatized firms, and find that thede novoprivate firms are the most dynamic in terms of job creation. After controlling for size and life-cycle effects, we find thatde novoprivate firms consistently outperform the state-owned and privatized enterprises. In addition, we find that state-owned enterprises and privatized firms have on average the same firm-level employment growth.J. Comp. Econom.,September 1998, 26(3), pp. 429-445. University of Cambridge, Cambridge CB3 9DE, UK; Katholieke Universiteit Leuven, Leuven B-3000, Belgium; CEPR, London, UK.
KW - Growth
KW - Job creation and destruction
KW - Ownership
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U2 - 10.1006/jcec.1998.1542
DO - 10.1006/jcec.1998.1542
M3 - Article
AN - SCOPUS:0000412968
VL - 26
SP - 429
EP - 445
JO - Journal of Comparative Economics
JF - Journal of Comparative Economics
SN - 0147-5967
IS - 3
ER -