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http://ssrn.com/abstract=1595205
 
 

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Will the Crisis Affect the Economic Recovery in Eastern European Countries? Evidence from Firm Level Data


Paulo Guilherme Correa


World Bank

Mariana Iootty


World Bank

April 1, 2010

World Bank Policy Research Working Paper No. 5278

Abstract:     
Two sources of growth are firm learning and innovation. Using a unique panel data for 1,686 firms in six countries (Bulgaria, Hungary, Latvia, Lithuania, Romania, and Turkey), this paper applies panel data estimators and Juhn-Murphy Pierce decomposition in order to identify the effects of the global economic crisis on sales growth of innovative and young enterprises in Eastern European countries. The results show that innovative and young firms were significantly more affected by the crisis than non innovative and older enterprises. The authors interpret these results as an indication that the achievement of pre-crisis growth rates in those countries may be difficult.

Number of Pages in PDF File: 30

Keywords: Microfinance, Achieving Shared Growth, E-Business, Small Scale Enterprise, Economic Growth

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Date posted: April 26, 2010  

Suggested Citation

Correa, Paulo Guilherme and Iootty, Mariana, Will the Crisis Affect the Economic Recovery in Eastern European Countries? Evidence from Firm Level Data (April 1, 2010). World Bank Policy Research Working Paper Series, Vol. , pp. -, 2010. Available at SSRN: http://ssrn.com/abstract=1595205

Contact Information

Paulo Guilherme Correa (Contact Author)
World Bank ( email )
1818 H Street, NW
Washington, DC 20433
United States
Mariana Iootty
World Bank ( email )
1818 H Street, NW
Washington, DC 20433
United States
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