Further publications of the WIFO research staff members

The extensive publication activities of the staff members mirror the close links with the international scientific community.

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Weitere Publikationen: Michael Pfaffermayr(92 hits)

Peter Huber, Harald Oberhofer, Michael Pfaffermayr, Who creates jobs? Econometric modeling and evidence for Austrian firm level data

European Economic Review, 2016, pp.57-71
This paper provides evidence on the role of firm size and firm age for firm level net job creation in the Austrian economy between 1993 and 2013 and during the Great Recession. We propose a new estimation strategy based on a two-part model to decompose behavioural differences between exiting and surviving firms. Young firms contribute most to net job creation, despite high relative exit rates, due to high growth rates among young surviving firms. Small firms have similar job creation rates conditional on survival as large firms. Small firms' contribution to job creation is, however, smaller due to higher exit rates. The up-or-out dynamics characterising less regulated economies such as the USA also apply to the more regulated Austrian economy. During the Great Recession both the relative net job creation rate conditional on survival and the relative survival probability of young firms decreased. The relative contribution of small firms to net job creation, by contrast, increased due to increased relative job creation rates of small firms conditional on survival.

Harald Oberhofer, Michael Pfaffermayr, Firm Growth in Multinational Corporate Groups

Empirical Economics, 2013, (3), pp.1435-1453, http://dx.doi.org/10.1007/s00181-012-0579-z
Online since: 13.10.2015 10:33

Badi H. Baltagi, Peter Egger, Michael Pfaffermayr, A Generalized Spatial Panel Data Model with Random Effects

Econometric Reviews, 2013, (5-8), pp.650-685, http://www.tandfonline.com/loi/lecr20#.UdMf7tiE7xU
Online since: 11.05.2015 11:44