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Job Creation in the Private Sector: An Exploratory Assessment of Patterns and Determinants at the Macro, Sector, and Firm Levels

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dc.contributor.authorFerro, Esteban
dc.contributor.authorFarole, Thomas
dc.contributor.authorMichel Gutierrez, Veronica
dc.date.accessioned2017-09-21T20:01:05Z
dc.date.available2017-09-21T20:01:05Z
dc.date.issued2017
dc.description.abstractWhy do some countries create more jobs than others? To consider this question, in this paper we focus on one of the most basic relationships, between growth and employment. In practice, the private sector responds very differently to growth (and decline) across countries. Understanding the patterns and drivers of private sector decisions to expand and shed jobs may be important to guide policy approaches for job creation. This paper analyzes the output-employment relationship in the context of business cycles at three levels: the macro-economy; industry (in manufacturing); and firms. The results highlight major differences in private sector job creation responsiveness to growth across stages of development and economic structures, but a critical finding is that economies (and firms) where formal sector job creation was more responsive to growth cycles generated more jobs overall. In addition, results from both the macro analysis and the sectoral analysis suggests significant complementarity between capital and labor. Finally, the findings may help to frame a broad policy agenda for job creation, including: macro-economic fundamentals, responsive labor markets, access to finance, competition, and a facilitative business regulatory environment. These are not surprising, but nevertheless frame a set of issues that could be explored in further research.en
dc.identifierhttp://documents.worldbank.org/curated/en/214701505483434627/Job-creation-in-the-private-sector-an-exploratory-assessment-of-patterns-and-determinants-at-the-macro-sector-and-firm-levels
dc.identifier.doi10.1596/28370
dc.identifier.urihttps://hdl.handle.net/10986/28370
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesJobs Working Paper;No. 5
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPRIVATE SECTOR
dc.subjectEMPLOYMENT
dc.subjectLABOR MARKET
dc.subjectTRAINING
dc.subjectSKILLS
dc.subjectJOBS
dc.subjectJOB CREATION
dc.subjectBUSINESS CYCLES
dc.subjectFIRM TYPES
dc.subjectBUSINESS ENVIRONMENT
dc.subjectREGULATION
dc.subjectOKUN'S LAW
dc.titleJob Creation in the Private Sectoren
dc.title.subtitleAn Exploratory Assessment of Patterns and Determinants at the Macro, Sector, and Firm Levelsen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleJob Creation in the Private Sector
okr.date.disclosure2017-09-15
okr.doctypeEconomic & Sector Work::Private Sector Development, Privatization, and Industrial Policy
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/214701505483434627/Job-creation-in-the-private-sector-an-exploratory-assessment-of-patterns-and-determinants-at-the-macro-sector-and-firm-levels
okr.guid214701505483434627
okr.identifier.doi10.1596/28370
okr.identifier.externaldocumentum090224b084f1d3c1_1_0
okr.identifier.internaldocumentum27936469
okr.identifier.reportAUS22807
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/214701505483434627/pdf/AUS22807-WP-PUBLIC-24-8-2017-18-50-23-JobCreationThomasFarole.pdfen
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicPrivate Sector Development::Business Environment
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
okr.topicRural Development::Rural Labor Markets
okr.topicSocial Protections and Labor::Labor Markets
okr.unitJOBS- CCSA - IBRD (GPSJB)
relation.isAuthorOfPublication1215cc6b-f7fe-54de-b61d-3e3ba5583793
relation.isAuthorOfPublication.latestForDiscovery1215cc6b-f7fe-54de-b61d-3e3ba5583793
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