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Econometric Estimation Of Market Selection In Russia: Different Performance Indicators

Author

Listed:
  • Andrey Pushkarev

    () (Ural Federal University)

  • Anna Sennikova

    () (Ural Federal University)

  • Oleg Mariev

    () (Ural Federal University)

Abstract

This paper contributes to the analysis of several firm performance indicators for estimating market selection forces on the industrial level by using econometric estimation method. For the comparison we employ data on Russian manufacturing firms for the period from 2006 to 2017. The sample contains more than 79 thousand enterprises for a period of 2 to 12 years. This research is focused on such performance indicators as labor productivity, total factor productivity (TFP) and profit per employee. We compare results of the econometrical examination of the link between each of them and the firm growth. The main result implies that the bulk of the impact of productivity variables relates to efficiency changes more than to absolute differences of productivity levels across firms. Comparing three performance indicators we see that the median values of total explanatory ability are close for the labor productivity and total factor productivity. This holds true also on the level of individual industries. The results for profit per employee provide slightly higher median estimate. The research shows that such indicator as profit of the firm can well substitute labor productivity indicator in the market selection and competition research.

Suggested Citation

  • Andrey Pushkarev & Anna Sennikova & Oleg Mariev, 2020. "Econometric Estimation Of Market Selection In Russia: Different Performance Indicators," Proceedings of Economics and Finance Conferences 10913104, International Institute of Social and Economic Sciences.
  • Handle: RePEc:sek:iefpro:10913104
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    File URL: https://iises.net/proceedings/13th-economics-finance-conference-prague/table-of-content/detail?cid=109&iid=013&rid=13104
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    References listed on IDEAS

    as
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    2. Ilke Van Beveren, 2012. "Total Factor Productivity Estimation: A Practical Review," Journal of Economic Surveys, Wiley Blackwell, vol. 26(1), pages 98-128, February.
    3. Giovanni Dosi & Emanuele Pugliese & Pietro Santoleri, 2017. "Growth and survival of the `fitter'? Evidence from US new-born firms," LEM Papers Series 2017/06, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. J. David Brown & Gustavo A. Crespi & Leonardo Iacovone & Luca Marcolin, 2018. "Decomposing firm-level productivity growth and assessing its determinants: evidence from the Americas," The Journal of Technology Transfer, Springer, vol. 43(6), pages 1571-1606, December.
    5. Ivan Savin & Oleg Mariev & Andrey Pushkarev, 2019. "Survival of the Fittest? Measuring the Strength of Market Selection on the Example of the Urals Federal District," HSE Economic Journal, National Research University Higher School of Economics, vol. 23(1), pages 90-117.
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    More about this item

    Keywords

    productivity; market selection; Russian firms;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General

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