Publication:
Stylized Facts on Productivity Growth : Evidence from Firm-level Data in Croatia

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dc.contributor.authorCorrea, Paulo
dc.contributor.authorIootty, Mariana
dc.contributor.authorRadas, Sonja
dc.contributor.authorSkrinjaric, Bruno
dc.date.accessioned2014-08-15T18:59:24Z
dc.date.available2014-08-15T18:59:24Z
dc.date.issued2014-07
dc.description.abstractDrawing on a representative sample of firms, this paper presents some microeconomic evidence on the productivity growth process in Croatia since the onset of recession (2008-12). Four types of results are highlighted. First, there is a persistent (and increasing) heterogeneity in the performance of Croatian firms along outcome measures. Second, Croatia lags behind regional peers in entrepreneurship measures, which suggests a comparatively lower economic dynamism. Third, the lack of dynamism displayed by the Croatian economy is confirmed when looking at the firm entry and exit process: the analytical results point to reduced firm dynamism compared with Croatia's peers in Europe and Central Asia. Fourth, the contribution of net entry to overall productivity growth in Croatia is surprisingly negative. This is contrary to what would be expected based on the literature and suggests that the process of "destructive creation" in Croatia has not been efficient, as the market might be eliminating firms that are potentially productive. Policies that foster market contestability should be pursued, especially policies aiming at better product market regulation (such as liberalization of entry into the service sector, particularly retail and infrastructure). Measures to help finance entrepreneurship (in promising sectors) should be used to support enhancements in firm productivity. In addition, appropriate bankruptcy rules play a key role by easing the exit process and allowing low-productive units to leave the market and free resources that can be better used by other, more efficient, firms.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/07/19898911/stylized-facts-productivity-growth-evidence-firm-level-data-croatia
dc.identifier.doi10.1596/1813-9450-6990
dc.identifier.urihttps://hdl.handle.net/10986/19387
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6990
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADVERTISING
dc.subjectAGGREGATE PERFORMANCE
dc.subjectAGGREGATE PRODUCTIVITY
dc.subjectAGGREGATE PRODUCTIVITY GROWTH
dc.subjectAGRICULTURE
dc.subjectBANKRUPTCY
dc.subjectBENCHMARKING
dc.subjectBRANCH
dc.subjectBUSINESS ACTIVITIES
dc.subjectBUSINESS ASSOCIATIONS
dc.subjectBUSINESS ECONOMICS
dc.subjectBUSINESS ENTRY
dc.subjectCHAMBER OF COMMERCE
dc.subjectCOMPANY
dc.subjectCOMPETITIVENESS
dc.subjectCOMPUTERS
dc.subjectCONTESTABILITY
dc.subjectCREATIVE DESTRUCTION
dc.subjectDEFLATION
dc.subjectDEFLATORS
dc.subjectDEVELOPMENT POLICY
dc.subjectDIVERSIFICATION
dc.subjectDOMESTIC MARKET
dc.subjectE-MAIL
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EXPANSION
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC SECTORS
dc.subjectELECTRICITY
dc.subjectEMPLOYEE
dc.subjectEMPLOYMENT
dc.subjectENTREPRENEURSHIP
dc.subjectENTRY CONTRIBUTION
dc.subjectENTRY RATE
dc.subjectEQUIPMENT
dc.subjectEXPORTS
dc.subjectFACTOR MARKETS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SUPPORT
dc.subjectFIRM DYNAMIC
dc.subjectFIRM DYNAMICS
dc.subjectFIRM DYNAMISM
dc.subjectFIRM ENTRY
dc.subjectFIRM EXIT
dc.subjectFIRM LEVEL
dc.subjectFIRM PERFORMANCE
dc.subjectFIRM PRODUCTIVITY
dc.subjectFIRM SIZE
dc.subjectFIRM TURNOVER
dc.subjectFIRM-LEVEL PRODUCTIVITY
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL MARKETS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS VALUE
dc.subjectGROWTH RATE
dc.subjectHOLDING COMPANIES
dc.subjectICT
dc.subjectIDENTIFICATION NUMBER
dc.subjectINDUSTRIAL REVOLUTION
dc.subjectINEFFICIENCY
dc.subjectINFORMATION SERVICE
dc.subjectINNOVATION
dc.subjectINNOVATION PROGRAM
dc.subjectINPUT FACTORS
dc.subjectINSPECTION
dc.subjectINSTALLATION
dc.subjectINTERNATIONAL COMPETITION
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONALIZATION
dc.subjectJOB CREATION
dc.subjectLABOR COST
dc.subjectLABOR PRODUCTIVITY
dc.subjectLABOUR
dc.subjectLABOUR COST
dc.subjectLABOUR PRODUCTIVITY
dc.subjectLARGE ENTERPRISES
dc.subjectLEASING
dc.subjectMANAGEMENT SERVICES
dc.subjectMANUFACTURING
dc.subjectMARKET ECONOMIES
dc.subjectMARKET ENTRIES
dc.subjectMARKET EXIT
dc.subjectMARKET PRICES
dc.subjectMARKET RESEARCH
dc.subjectMARKET STRUCTURE
dc.subjectMARKETING
dc.subjectMATERIAL
dc.subjectMEDIUM ENTERPRISES
dc.subjectMERGERS
dc.subjectMOTION PICTURE
dc.subjectMULTINATIONALS
dc.subjectNET ENTRY COMPONENT
dc.subjectNET ENTRY EFFECT
dc.subjectNET JOB CREATION
dc.subjectNEW MARKET
dc.subjectNEW MARKETS
dc.subjectNEW TECHNOLOGY
dc.subjectNORMAL PROFITS
dc.subjectOPEN ACCESS
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPER CAPITA INCOME
dc.subjectPERFORMANCE INDICATORS
dc.subjectPERFORMANCE MEASURE
dc.subjectPERFORMANCE MEASURES
dc.subjectPRELIMINARY EVIDENCE
dc.subjectPREVIOUS SECTION
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE FIRMS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR FIRMS
dc.subjectPRODUCT MARKET
dc.subjectPRODUCT MARKET REGULATION
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION FUNCTIONS
dc.subjectPRODUCTIVE FIRMS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY DECOMPOSITION
dc.subjectPRODUCTIVITY GAINS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPRODUCTIVITY PERFORMANCE
dc.subjectPUBLIC ADMINISTRATION
dc.subjectR&D
dc.subjectREAL GDP
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectRETAIL
dc.subjectRETAIL TRADE
dc.subjectSALES
dc.subjectSEARCH
dc.subjectSERVICE INDUSTRY
dc.subjectSERVICE SECTOR
dc.subjectSMALL BUSINESS
dc.subjectSMALL ENTERPRISES
dc.subjectSMALL FIRMS
dc.subjectSTATE OWNED ENTERPRISES
dc.subjectSURPLUSES
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTELECOM
dc.subjectTELECOMMUNICATIONS
dc.subjectTELEVISION
dc.subjectTIME PERIOD
dc.subjectTOTAL EMPLOYMENT
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectUSES
dc.subjectVALUE ADDED
dc.subjectVIDEO
dc.subjectWEB
dc.subjectWEB PAGES
dc.subjectWHOLESALE TRADE
dc.subjectWORK ACTIVITIES
dc.titleStylized Facts on Productivity Growth : Evidence from Firm-level Data in Croatiaen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleStylized Facts on Productivity Growth: Evidence from Firm-Level Data in Croatia
okr.date.disclosure2014-07-01
okr.date.doiregistration2025-04-10T10:18:52.305703Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/07/19898911/stylized-facts-productivity-growth-evidence-firm-level-data-croatia
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid669201468026683485
okr.identifier.doi10.1596/1813-9450-6990
okr.identifier.externaldocumentum000158349_20140730130456
okr.identifier.internaldocumentum19898911
okr.identifier.reportWPS6990
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/07/30/000158349_20140730130456/Rendered/PDF/WPS6990.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryCroatia
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicSocial Protections and Labor::Labor Markets
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::E-Business
okr.unitTrade and Competitiveness Global Practice Group
okr.volume1 of 1
relation.isAuthorOfPublicationdf7e1e55-05d4-558a-a340-71941945e91d
relation.isAuthorOfPublication.latestForDiscoverydf7e1e55-05d4-558a-a340-71941945e91d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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