Stylized Facts on Productivity Growth: Evidence from Firm-Level Data in Croatia

Iootty, Mariana; Correa, Paulo Guilherme; Radas, Sonja; Škrinjarić, Bruno

doi:10.1596/1813-9450-6990

Cited by 4 publications

(4 citation statements)

References 10 publications

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“…Following and adapting a sampling strategy from Iootty et al (2014), our sample of potential questionnaire respondents was set to be representative in terms of firm size, NACE 1-digit sectors and 21 Croatian counties, and we have sent 1,000 invitations to participate in the survey in total. Data on firm distribution across these categories were obtained from Croatian Financial Agency (FINA) while firm contacts were obtained from database administered by Croatian Chamber of Commerce.…”

Section: Data Collection Process and Data Set Descriptionmentioning

confidence: 99%

Examining the role of key competences in firm performance

Škrinjarić

Domadenik

2019

IJM

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Purpose Industry 4.0 processes brought dramatic changes in skills and competences needed at the firm level. The purpose of this paper is: to identify and quantify key competences required for workers with economics-and-business background; to evaluate development level of those competences among the currently employed workforce; to investigate degree of match between required and currently developed competences; and finally to assess how this (mis)match translates to firm performance. Design/methodology/approach This research is based on primary data, collected through questionnaires, and secondary data of firms’ financial and structural characteristics. Key competences were estimated using factor analysis and were then used as covariates in explaining differences in firms’ performance in both static and dynamic production function specifications using standard regression model, Heckman selection model and Arellano–Bond estimation. Findings Results show that mismatches in competences basic algebra; collectedness, conflict resolution and presentation; and motivation and organization are all negatively associated in explaining the variation of firm performance, with motivation and organization having the most significant effect. Originality/value This paper focuses on competence mismatch by including both sides of the labor market (employers and employees) in the analysis. This paper offers: a theoretical structure for understanding and investigating existing competence mismatches; a step-by-step industry-driven method for deriving key required competences, including an initial exploratory phase (combination of literature review, exploratory interviews and pilot study) followed by a descriptive and implementation phases (design, implementation and analysis of nationally representative survey); and finally, analysis phase (associating competence mismatches to firm performance).

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Section: Data Collection Process and Data Set Descriptionmentioning

confidence: 99%

Examining the role of key competences in firm performance

Škrinjarić

Domadenik

2019

IJM

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“…Following and adapting sampling strategy from Iootty et al (2014), final questionnaire (representative in terms of firm size, NACE one-digit industry and Croatian counties) was sent out to 1,000 Croatian companies. 156 responses came back, giving a 15.6% completion rate which is quite standard, given that response rates in similar studies range from 11% (Azevedo, Apfelthaler, and Hurst 2012) to 18.6% (Chung-Herrera, Enz, and Lankau 2003).…”

Section: Data Collection From Firmsmentioning

confidence: 99%

Competence Proximity to Employers’ Requirements and Labour Market Success of Economics and Business Graduates

Škrinjarić

2023

South East European Journal of Economics and Business

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This research concentrates on Croatia with threefold aims: (1) to identify and quantify key competences developed by economics-and-business graduates; (2) to assess the degree of proximity between competences acquired at universities and those required on the labour market; and (3) to investigate how this proximity translates labour market outcomes for graduates. This research is based on primary data, collected through two questionnaires, one for graduates and one for firms. Key competences were identified using factor analysis. Proximity between employers-required and graduates-acquired competences were then used as covariates in explaining differences in graduates’ employability and wage premiums using standard regression model, Heckman selection model and instrumental variables approach. Results show that university education is highly skewed towards the acquisition of economics-and-business practical competences, while employers put greater emphasis on generic competences. Results also point to a penalty of having a competence gap on graduates’ probability of being employed and on their wages.

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“…survived, through the whole observed recessionary period from 2008 to 2013. Following Iootty et al (2014), productivity growth is mostly driven by the performance of survival firms. In terms of statistical relevance, we consider that a balanced panel is a more reliable choice, as a complete panel comprises all observations for each individual measured at the same time points, i.e.…”

Section: Datamentioning

confidence: 99%

“…This could have been the result of uncompleted regulation reforms, and «bank-based» financial systems that were predominantly foreign-owned (Farkas, 2017). The lingering Croatian recession (similar to Greece) revealed the structural infirmity of the economy, with suma summarum an estimated cumulative GDP decrease of 12% (Iootty et al, 2014). Given the importance of manufacturing for economic growth in developing countries, the aim of this paper is to analyze industry dynamics during the economic crisis (2009)(2010)(2011)(2012)(2013) in the Republic of Croatia.…”

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confidence: 99%

Investigating Industry Dynamics in a Recessionary Transition Economy

Vitezić

Srhoj

Perić

2018

South East European Journal of Economics and Business

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The paper investigates the statistical regularities of industry dynamics in a transition economy and its manufacturing industry over a six-year period of recession. The static analysis of distributions supports several established stylized facts on firm size and growth-rate distributions. The growth rate distribution featured a sequential, year-by-year procyclical change of the left side of distribution, suggesting that the more years an economy spends in a recession, the greater the decline in the revenue of its firms. On the “growing” side, the recession opened increasing growth opportunities for a small subset of small firms, while it diminished growth opportunities for medium and large firms. The segregation of sectors by technological intensity gives evidence that the high-tech sectors show upward trend of the growth rate distributions’ right side of as the recession unfolded. Sectorial concentration ratios mostly increased, while changes in the unimodality of the firm-size distribution occurred at the end of the economic downturn

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Stylized Facts on Productivity Growth: Evidence from Firm-Level Data in Croatia

Cited by 4 publications

References 10 publications

Examining the role of key competences in firm performance

Examining the role of key competences in firm performance

Competence Proximity to Employers’ Requirements and Labour Market Success of Economics and Business Graduates

Investigating Industry Dynamics in a Recessionary Transition Economy

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