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Creative Destruction and Transition : The Effects of Firm Entry and Exit on Productivity Growth in Estonia

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dc.creator Masso, Jaan
dc.creator Eamets, Raul
dc.creator Philips, Kaia
dc.date 2004
dc.date.accessioned 2013-10-16T07:10:50Z
dc.date.available 2013-10-16T07:10:50Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20507
dc.identifier ppn:393558096
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20507
dc.description This paper presents one of the first studies of firm demographics in Estonia, particularly, on the processes of firm entry and exit as well as survival analysis of new firms. Also decompositions of productivity change into components consisting of resource reallocation, firm entry and exit, and productivity growth within continuing firms is carried out. Our results, derived from a novel database of the population of Estonian firms, show that firm turnover has been rather high in Estonia during the observed period from 1995 to 2001, resulting from low institutional entry barriers and emergence of the SME sector. The high survival rates for new firms and surviving firms? relatively fast growth could reflect their relatively high productivity compared to incumbent firms and changes in the sectoral structure of the economy. The decomposition of productivity change shows that the high productivity growth has been mostly from within-firm productivity growth (e.g. the adoption of new production technologies and organizational changes), but the reallocation of production factors (especially the exit of low productivity units) has played an important role as well.
dc.language eng
dc.relation IZA Discussion paper series 1243
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject D24
dc.subject L11
dc.subject O30
dc.subject O12
dc.subject ddc:330
dc.subject firm survival
dc.subject firm entry and exit
dc.subject productivity decompositions
dc.subject Estonia
dc.subject Industrieökonomik
dc.subject Markteintritt
dc.subject Marktaustritt
dc.subject Unternehmensgründung
dc.subject Unternehmensentwicklung
dc.subject Produktivität
dc.subject Schätzung
dc.subject Estland
dc.title Creative Destruction and Transition : The Effects of Firm Entry and Exit on Productivity Growth in Estonia
dc.type doc-type:workingPaper

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