TY - JOUR
T1 - Job reallocation and productivity growth in a post-socialist economy
T2 - Evidence from Slovenian manufacturing
AU - De Loecker, Jan
AU - Konings, Jozef
N1 - Funding Information:
This paper benefited from presentations at the conference on the Political Economy of Job Creation and Job Destruction at the ZEI, University of Bonn and at the International Industrial Organization Conference, Chicago. We thank John Jackson, Jan Fidrmuc, Jeremy Fox, Jan Svejnar, Mark Schaffer, Patrick Van Cayseele and two anonymous referees for useful comments. De Loecker thanks the Economics Department of Harvard University for its hospitality and facilities while a visitor when this paper was written and in particular he thanks Ariel Pakes for his useful comments and suggestions. Konings is grateful to the Research Council of Leuven for financial support.
Copyright:
Copyright 2006 Elsevier B.V., All rights reserved.
PY - 2006/6
Y1 - 2006/6
N2 - This paper studies whether job reallocation in Slovenia, a post-socialist economy, has been associated with gains in total factor productivity (TFP). We document the importance of entry and exit in job reallocation and show that TFP has increased mainly due to existing firms' increasing efficiency and through net entry of firms. Underlying aggregate TFP growth is job destruction by state firms and reallocation of employment to private firms.
AB - This paper studies whether job reallocation in Slovenia, a post-socialist economy, has been associated with gains in total factor productivity (TFP). We document the importance of entry and exit in job reallocation and show that TFP has increased mainly due to existing firms' increasing efficiency and through net entry of firms. Underlying aggregate TFP growth is job destruction by state firms and reallocation of employment to private firms.
KW - Creative destruction
KW - Reallocation
KW - Total factor productivity
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U2 - 10.1016/j.ejpoleco.2005.09.014
DO - 10.1016/j.ejpoleco.2005.09.014
M3 - Article
AN - SCOPUS:33646259234
VL - 22
SP - 388
EP - 408
JO - European Journal of Political Economy
JF - European Journal of Political Economy
SN - 0176-2680
IS - 2
ER -