Influence of Main Macroeconomic Factors on the Level of Employment on Different Size Enterprises – The Evidence from the Sector of Transportation and Storage
DOI:
https://doi.org/10.1515/saeb-2017-0034Keywords:
small and medium-sized enterprises, large enterprises, macroeconomic factors, employment levelsAbstract
The main aim of this paper is to verify the hypothesis that the shift in levels of main macroeconomic variables – in this case in levels of GDP and exports – cause shift of employment levels in private sector, and this change is different for smaller enterprises than for “big players”. Calculated estimation will be presented on data from the sector of transportation and storage for four countries – the Czech Republic, Germany, Austria, Poland and Slovakia for the period 2005-2014, which cover the economic crisis in 2008. Countries were selected such that they cover both highly developed countries (Germany and Austria) and former Eastern Bloc countries (Czech Republic, Poland, and Slovakia) of the European Union placed in the close geographic area. Expected results would show different trends in employment levels for different types of enterprises in all countries.
JEL Codes - J21; E24
References
Adamopoulos, T., 2011. Transportation Costs, Agricultural Productivity, and Cross-Country Income Differences. International Economic Review, 52(2), 489-521. doi: http://dx.doi.org/10.1111/j.1468-2354.2011.00636.x
Aremu, M. A., and Adeyemi, S. L., 2011. Small and Medium Scale Enterprises as a Survival Strategy for Employment Generation in Nigeria. Journal of Sustainable Development, 4(1), 200-206. doi: http://dx.doi.org/10.5539/jsd.v4n1p200
Asiedu, E., and Freeman, J., 2007. The Effect of Globalization on the Performance of Small-and Medium-Sized Enterprises in the United States: Does Owners' Race/Ethnicity Matter? The
American Economic Review, 97(2), 368-372. doi: http://dx.doi.org/10.1257/aer.97.2.368
Awokuse, T., 2003. Is the Export-Led Growth Hypothesis Valid for Canada? The Canadian Journal of Economics. Revue Canadienne d'Economique, 36(1), 126-136. doi: http://dx.doi.org/10.1111/1540-5982.00006
Baily, M., and Lawrence, R., 2004. What Happened to the Great U.S. Job Machine? The Role of Trade and Electronic Offshoring. Brookings Papers on Economic Activity, 2004(2), 211-248. doi: http://dx.doi.org/10.1353/eca.2005.0001
Bentolila, S., and Bertola, G., 1990. Firing Costs and Labour Demand: How Bad is Eurosclerosis? The Review of Economic Studies, 57(3), 381-402. doi: http://dx.doi.org/10.2307/2298020
Bloom, N., 2009. The Impact of Uncertainty Shocks. Econometrica, 77(3), 623-685. doi: http://dx.doi.org/10.3982/ECTA6248
Carvalho, V., and Gabaix, X., 2013. The Great Diversification and its Undoing. The American Economic Review, 103(5), 1697-1727. doi: http://dx.doi.org/10.1257/aer.103.5.1697
EUROSTAT, 2017. Eurostat database. from http://ec.europa.eu/eurostat/data/database
Hamermesh, D., 1989. Labor Demand and the Structure of Adjustment Costs. The American Economic Review, 79(4), 674-689. doi: http://dx.doi.org/10.3386/w2572
Hatemi-J, A., and Irandoust, M., 2000. Export performance and economic growth causality: An empirical analysis. Atlantic Economic Journal, 28(4), 412-426. doi: http://dx.doi.org/10.1007/BF02298394
Henrekson, M., and Sanandaji, T., 2014. Small business activity does not measure entrepreneurship. Proceedings of the National Academy of Sciences of the United States of America, 111(5), 1760-1765. doi: http://dx.doi.org/10.1073/pnas.1307204111
Holland, A., and Scott, A., 1998. The Determinants of UK Business Cycles. Economic Journal (London), 108(449), 1067-1092. doi: http://dx.doi.org/10.1111/1468-0297.00330
Leichenko, R., 2000. Exports, Employment, and Production: A Causal Assessment of U.S. States and Regions. Economic Geography, 76(4), 303-325. doi: http://dx.doi.org/10.1111/j.1944-8287.2000.tb00146.x
Major, I., 2008. Technical Efficiency, Allocative Efficiency and Profitability in Hungarian Small and Medium-Sized Enterprises: A Model with Frontier Functions. Europe-Asia Studies, 60(8), 1371-1396. doi: http://dx.doi.org/10.1080/09668130802292200
Merz, M., and Yashiv, E., 2007. Labor and the Market Value of the Firm. The American Economic Review, 97(4), 1419-1431. doi: http://dx.doi.org/10.1257/aer.97.4.1419
Stock, J., and Watson, M., 2012. Disentangling the Channels of the 2007-09 Recession. Brookings Papers on Economic Activity, 2012(1), 81-135. doi: http://dx.doi.org/10.1353/eca.2012.0005
Taylor, J. E., Basu, B., and McLean, S., 2011. Net Exports and the Avoidance of High Unemployment During Reconversion, 1945--1947. The Journal of Economic History, 71(2), 444-454. doi: http://dx.doi.org/10.1017/S0022050711001598
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2017 SCIENTIFIC ANNALS OF ECONOMICS AND BUSINESS
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
All accepted papers are published on an Open Access basis.
The Open Access License is based on the Creative Commons license.
The non-commercial use of the article will be governed by the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License as currently displayed on https://creativecommons.org/licenses/by-nc-nd/4.0
Under the Creative Commons Attribution-NonCommercial-NoDerivatives license, the author(s) and users are free to share (copy, distribute and transmit the contribution) under the following conditions:
1. they must attribute the contribution in the manner specified by the author or licensor,
2. they may not use this contribution for commercial purposes,
3. they may not alter, transform, or build upon this work.
This work is licenced under a 
