scholarly journals Does It Matter Where You Invest? The Impact of FDI on Domestic Job Creation and Destruction

2021 ◽  
Author(s):  
Bin Ni ◽  
Hayato Kato ◽  
Yang Liu
Keyword(s):  
Job Creation ◽  
The Impact ◽  
Job Creation And Destruction

scholarly journals Do unions contribute to creative destruction?

PLoS ONE ◽  
2021 ◽  
Vol 16 (12) ◽  
pp. e0261212
Author(s):  
Harald Dale-Olsen
Keyword(s):  
Social Security ◽  
Productivity Growth ◽  
Job Creation ◽  
Creative Destruction ◽  
New Firms ◽  
Labour Costs ◽  
Plant Closures ◽  
The Impact ◽  
Job Creation And Destruction

We apply a shift-share approach and historical unionisation data from 1918 to study the impact of regional unionisation changes in Norway on regional wage and productivity growth, job-creation and -destruction and social security uptake during the period 2003–2012. As unionisation increases, wages grow. Lay-offs through plant closures and shrinking workplaces increase, causing higher retirement rates, while job creation, plant entry and other social security uptakes are unaffected. Productivity grows, partly by enhanced productivity among surviving and new firms and partly by less productive firms forced to close due to increased labour costs. Thus, unions promote creative destruction.

MINIMUM WAGE AND SEVERANCE PAYMENTS IN A FRICTIONAL LABOR MARKET: THEORY AND ESTIMATION

2017 ◽  
Vol 21 (7) ◽  
pp. 1561-1600
Author(s):  
Carolina Silva
Keyword(s):  
Minimum Wage ◽  
Job Creation ◽  
Critical Factor ◽  
Wage Dispersion ◽  
Search Frictions ◽  
Market Theory ◽  
Severance Payments ◽  
Using Data ◽  
The Impact ◽  
Job Creation And Destruction

Wage dispersion is a critical factor in determining the impact of a minimum wage and severance payments on job creation and destruction in a general equilibrium model with search frictions. When wage dispersion is low, the minimum wage and severance payments behave as substitutes. However, as dispersion in wages increases, these policies become complements. The model is estimated using data from Chile and used to perform quantitative welfare analysis.

scholarly journals Zombie Lending and Depressed Restructuring in Japan

2008 ◽  
Vol 98 (5) ◽  
pp. 1943-1977 ◽  
Author(s):  
Ricardo J Caballero ◽  
Takeo Hoshi ◽  
Anil K Kashyap
Keyword(s):  
Market Share ◽  
Employment Growth ◽  
Job Creation ◽  
Firm Level ◽  
Competitive Process ◽  
Lower Productivity ◽  
Zombie Lending ◽  
Job Creation And Destruction ◽  
Productivity Gap

Large Japanese banks often engaged in sham loan restructurings that kept credit flowing to otherwise insolvent borrowers (which we call zombies). We examine the implications of suppressing the normal competitive process whereby the zombies would shed workers and lose market share. The congestion created by the zombies reduces the profits for healthy firms, which discourages their entry and investment. We confirm that zombie-dominated industries exhibit more depressed job creation and destruction, and lower productivity. We present firm-level regressions showing that the increase in zombies depressed the investment and employment growth of non-zombies and widened the productivity gap between zombies and non-zombies. (JEL G21, G32, L25)

scholarly journals Job Creation and Destruction

1997 ◽  
Vol 64 (1) ◽  
pp. 371
Author(s):  
Charles J. Whalen ◽  
Steven J. Davis ◽  
John C. Haltiwanger ◽  
Scott Schuh
Keyword(s):  
Job Creation ◽  
Job Creation And Destruction

scholarly journals Assessing Moving Targets: the Impact of Transition Stages on Entrepreneurship Development

Ekonomika ◽  
2005 ◽  
Vol 69 ◽  
Author(s):  
Ruta Aidis ◽  
Arnis Sauka
Keyword(s):  
Empirical Studies ◽  
Job Creation ◽  
Transition Process ◽  
Transition Countries ◽  
Legal Issues ◽  
Entrepreneurship Development ◽  
The Impact ◽  
Development Perspective ◽  
Transition Stages ◽  
Selection Of

An issue that has recently gained in importance in transitional literature is the need to develop a thriving small and medium-sized enterprise (SME) sector since it can contribute significantly to innovation, job creation and economic growth. However, the specific characteristics of SMEs make them especially vulnerable to changes in the legal, social and environmental context. In this paper we are interested in the barriers that SME development encounters during different stages in the transition process. There is no consensus regarding ‘transition stages’, yet various indicators measuring certain aspects of transition progress have been developed. For this paper, we apply a selection of indicators proposed in previous research to approximate three transitional stages that would make sense from an entrepreneurship development perspective. We utilise these indicators to categorise 23 transition countries into transitional stages. On the basis of that utilisation we develop a framework in which we can identify SME development trends based on our analysis of the 25 empirical studies on constraints facing SMEs in transition countries. Our preliminary results indicate that more fundamental barriers related to legal issues are more characteristic of the early stages of transition, while more specific constraints related to human resources and skill development characterise later transition stages.

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