FIRM LEVEL JOB CREATION RATES OVER THE BUSINESS CYCLE
Journal Title: Asian Economic and Financial Review - Year 2014, Vol 4, Issue 6
Abstract
We study the evolution and cyclical dependence of the cross sectional distribution of firm level job creation rates from 1975 to 2004 for the Austrian private sector. The share of firms not adjusting has declined over time, but the share of entries, exits, growing and declining firms increased. The share of firms adjusting is higher in upswings than in downturns and the higher order moments of the job creation distribution follow distinct cyclical patterns. The smallest firms and firms at the extremes of the growth rate distribution are largely unaffected by the business cycle.
Authors and Affiliations
Werner Holzl| Austrian Institute for Economic Research (WIFO), Arsenal Objekt, Wien, Austria, Peter Huber| Austrian Institute for Economic Research (WIFO), Austria and Mendel University Brno, Faculty of Business and Economics
Keywords
Related Articles
- EP ID EP2048
- DOI -
- Views 440
- Downloads 19
THE EFFECT OF CORPORATE GOVERNANCE ON FIRM PERFORMANCE, EVIDENCE FROM EGYPT
Corporate governance is well thought-out to have major implications for the growth prediction of an economy. Fine corporate governance practices are viewed as important in decreasing risk for investors; catch the attenti...
RETURNS ON INVESTMENTS AND VOLATILITY RATE IN THE NIGERIAN BANKING INDUSTRY
Most investment decisions focus on a forecast of future events that is either explicit or implicit. Generally asset pricing models postulate a positive relationship between a stock portfolio’s expected returns and risk,...
ANALYSIS OF FARM HOUSEHOLDS POVERTY STATUS IN OGUN STATES, NIGERIA
The paper examined the poverty status of farm households in Ogun State, Nigeria using a descriptive statistics, Foster, Greer and Thorbecke poverty (FGT) indices and Logit regression model. The data used were generated f...
ENTREPRENEURIAL EMPOWERMENT OF AGRICULTURE AND INDUSTRIAL SECTOR IN RURAL AREAS OF SEMARANG REGENCY INDONESIA
Sources of income of farmers not only from the agricultural sector, but farmers often also work in other sectors such as in the non-agricultural sector. In this regard, the economic empowerment of farmers should also con...
PRINCIPLES OF VENTURE AND BUSINESS-ANGEL INVESTMENTS
Positive state policies in the developed countries of the world are directed towards fundamental transformation and development of innovative economical sector. One of the most principle ways for solving tasks of priorit...