Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108464
Authors: 
Sutherland Earle, John
Telegdy, Álmos
Year of Publication: 
2011
Series/Report no.: 
Budapest Working Papers on the Labour Market BWP - 2011/8
Abstract: 
Using a large panel of Hungarian firms, we study the relation between firm size and net job creation. Categorizing firms in size groups with the traditionally used measure of employment size in the base year suggests that small firms create a disproportionally higher number of jobs than large enterprises. This relation declines when average employment size is used instead, and it reverses when firm age is controlled for. The crisis brought about large declines in employment across all types of firms. The analysis reveals that the main reason for this declines is the increased job destruction rates. Whole job creation rates were stable during the crisis, job destruction increased by about 4 percentage points. We find that the net growth of exporting and foreign-owned firms was reduced the most by the crisis, while state-owned firms kept most of the pre-crisis jobs.
Subjects: 
Small and Medium Enterprises
employment
job creation
growth
Hungary
JEL: 
L11
L25
O17
ISBN: 
978-615-5024-77-1
Document Type: 
Working Paper

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