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Employment Adjustment during the Global Crisis: Differences between State-Owned and Private Enterprises

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  • Almos Telegdy

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    (Institute of Economics, Center for Economic and Regional Studies, Hungarian Academy of Sciences)

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    Abstract

    This paper analyses the employment adjustment of state- and privately-owned companies before and during the global crisis. Using Hungarian data, it finds that the net job creation rate is similar across the two ownership types before the crisis, but during the crisis state-owned companies have a net job creation rate larger by 7 percentage points than private enterprises. The effect is caused both by a larger gross job creation rate and by a drop in job destruction associated with state ownership.

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    File URL: http://www.econ.core.hu/file/download/bwp/bwp1311.pdf
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    Bibliographic Info

    Paper provided by Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences in its series Budapest Working Papers on the Labour Market with number 1311.

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    Length: 12 pages
    Date of creation: Apr 2013
    Date of revision:
    Handle: RePEc:has:bworkp:1311

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    Keywords: Net job creation; Global crisis; State ownership; Hungary;

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    1. David Neumark & Brandon Wall & Junfu Zhang, 2011. "Do Small Businesses Create More Jobs? New Evidence for the United States from the National Establishment Time Series," The Review of Economics and Statistics, MIT Press, vol. 93(1), pages 16-29, August.
    2. John Haltiwanger & Ron S. Jarmin & Javier Miranda, 2010. "Who Creates Jobs? Small vs. Large vs. Young," Working Papers 10-17, Center for Economic Studies, U.S. Census Bureau.
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