Publication: Will the Crisis Affect the Economic Recovery in Eastern European Countries? Evidence from Firm Level Data
Date
2010-04-01
ISSN
Published
2010-04-01
Author(s)
Abstract
Two sources of growth are firm learning
and innovation. Using a unique panel data for 1,686 firms in
six countries (Bulgaria, Hungary, Latvia, Lithuania,
Romania, and Turkey), this paper applies panel data
estimators and Juhn-Murphy Pierce decomposition in order to
identify the effects of the global economic crisis on sales
growth of innovative and young enterprises in Eastern
European countries. The results show that innovative and
young firms were significantly more affected by the crisis
than non innovative and older enterprises. The authors
interpret these results as an indication that the
achievement of pre-crisis growth rates in those countries
may be difficult.
Citation
“Correa, Paulo; Iootty, Mariana. 2010. Will the Crisis Affect the Economic Recovery in Eastern European Countries? Evidence from Firm Level Data. Policy Research working paper ; no. WPS 5278. © http://openknowledge.worldbank.org/handle/10986/3765 License: CC BY 3.0 IGO.”
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