Employment concentrat ion and resource al locat ion: one-company towns in Russia
AbstractThe paper looks at the effects of employment concentration on resource allocation with a particular focus on one-company towns in Russia: towns where a single company accounts for a significant share of total employment. Empirical analysis of firms’ production functions indicates that firms located in one-company towns are characterised by lower labour productivity, higher marginal capital productivity and lower overall productivity pointing towards significant labour hoarding. One-company town firms are also found to be financially more vulnerable. The paper argues that the dominance of natural resources in the Russian economy and employment concentration are closely linked.
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Bibliographic InfoPaper provided by European Bank for Reconstruction and Development, Office of the Chief Economist in its series Working Papers with number 130.
Length: 35 pages
Date of creation: Jun 2011
Date of revision:
Publication status: Published in Working papers 130, European Bank for Reconstruction and Development
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employment concentration; one-company towns; labour productivity; Russia;
Find related papers by JEL classification:
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets
- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
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- Guido Friebel & Helena Schweiger, 2012. "Management quality, firm performance and market pressure in Russia," Working Papers 144, European Bank for Reconstruction and Development, Office of the Chief Economist.
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