Employment concentrat ion and resource al locat ion: one-company towns in Russia
The 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.
|Date of creation:||Jun 2011|
|Date of revision:|
|Publication status:||Published in Working papers 130, European Bank for Reconstruction and Development|
|Contact details of provider:|| Postal: |
Web page: http://www.ebrd.com/pages/research/publications/workingpapers.shtml
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ebd:wpaper:130. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Olga Lucas)
If references are entirely missing, you can add them using this form.