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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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collection.link.54
https://openknowledge.worldbank.org/handle/10986/2162
collection.name.54
Private Sector Development, Privatization, and Industrial Policy
dc.contributor.author
Farole, Thomas
dc.contributor.author
Ferro, Esteban
dc.contributor.author
Michel Gutierrez, Veronica
dc.date.accessioned
2017-09-21T20:01:05Z
dc.date.available
2017-09-21T20:01:05Z
dc.date.issued
2017
dc.date.lastModified
2021-05-25T09:03:52Z
dc.description.abstract
Why 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.identifier
http://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.uri
http://hdl.handle.net/10986/28370
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Jobs Working Paper;No. 5
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
PRIVATE SECTOR
dc.subject
EMPLOYMENT
dc.subject
LABOR MARKET
dc.subject
TRAINING
dc.subject
SKILLS
dc.subject
JOBS
dc.subject
JOB CREATION
dc.subject
BUSINESS CYCLES
dc.subject
FIRM TYPES
dc.subject
BUSINESS ENVIRONMENT
dc.subject
REGULATION
dc.subject
OKUN'S LAW
dc.title
Job Creation in the Private Sector
en
dc.title.subtitle
An Exploratory Assessment of Patterns and Determinants at the Macro, Sector, and Firm Levels
en
dc.type
Report
en
okr.crossref.title
Job Creation in the Private Sector
okr.date.disclosure
2017-09-15
okr.doctype
Economic & Sector Work :: Private Sector Development, Privatization, and Industrial Policy
okr.doctype
Economic & Sector Work
okr.docurl
http://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.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/28370
okr.identifier.externaldocumentum
090224b084f1d3c1_1_0
okr.identifier.internaldocumentum
27936469
okr.identifier.report
AUS22807
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/214701505483434627/pdf/AUS22807-WP-PUBLIC-24-8-2017-18-50-23-JobCreationThomasFarole.pdf
en
okr.topic
Macroeconomics and Economic Growth :: Economic Theory & Research
okr.topic
Private Sector Development :: Business Environment
okr.topic
Private Sector Development :: Competitiveness and Competition Policy
okr.topic
Rural Development :: Rural Labor Markets
okr.topic
Social Protections and Labor :: Labor Markets
okr.unit
JOBS- CCSA - IBRD (GPSJB)

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