Trend Employment Growth and the Bunching of Job Creation and Destruction

1998 ◽  
Vol 113 (3) ◽  
pp. 809-834 ◽  
Author(s):  
C. L. Foote
Keyword(s):  
Employment Growth ◽  
Job Creation ◽  
Job Creation And Destruction

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 How do regional economies respond to crises? The geography of job creation and destruction in Sweden (1990–2010)

2016 ◽  
Vol 24 (1) ◽  
pp. 87-103 ◽  
Author(s):  
Rikard H Eriksson ◽  
Emelie Hane-Weijman
Keyword(s):  
Employment Growth ◽  
Job Creation ◽  
Regional Economies ◽  
Job Destruction ◽  
Metropolitan Regions ◽  
Show Evidence ◽  
High Degree ◽  
Unrelated Variety ◽  
Job Creation And Destruction

Using Swedish longitudinal micro-data, the aim of this paper is to analyse how regional economies respond to crises. This is made possible by linking gross employment flows to the notion of regional resilience. Our findings indicate that despite a steady national employment growth, only the three metropolitan regions have fully recovered from the recession of 1990. Further, we show evidence of high levels of job creation and destruction in both declining and expanding regions and sectors, and that the creation of jobs is mainly attributable to employment growth in incumbent firms, while job destruction is primarily due to exits and micro-plants. Although the geography of resistance to crises and the ability of adaptability in the aftermath vary, our findings suggest that cohesive (i.e., with many skill-related industries) and diverse (i.e., with a high degree of unrelated variety) regions are more resilient over time. We also find that resistance to future shocks (e.g., the 2008 recession) is highly dependent on the resistance to previous crises. In all, this suggests that the long-term evolution of regional economies also influences their future resilience.

scholarly journals Local Job Flows in New Zealand

1970 ◽  
Author(s):  
David C Mare ◽  
Jason Timmins
Keyword(s):  
New Zealand ◽  
Employment Growth ◽  
Job Creation ◽  
Labour Markets ◽  
Job Flows ◽  
Local Labour Markets ◽  
Local Labour ◽  
Job Creation And Destruction

Small changes in the level of employment are generally the result of a large number of jobs being created and a roughly balancing number of jobs being destroyed In this paper we examine patterns of job creation and destruction for local labour markets in New Zealand between 1987 and 2003. The growth or decline of employment in local labour markets is far from homogeneous. The paper focuses on whether local labour markets experience greater employment growth following periods of high rates of simultaneous job creation and destruction (job churn). However, we find little evidence to support this hypothesis. The estimated effect of the level of job churn on future employment growth, within labour markets, was found to be statisticallyand economically insignificant.

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 How Destructive Is Innovation?

Econometrica ◽  
2019 ◽  
Vol 87 (5) ◽  
pp. 1507-1541 ◽  
Author(s):  
Daniel Garcia-Macia ◽  
Chang-Tai Hsieh ◽  
Peter J. Klenow
Keyword(s):  
Dominant Role ◽  
Job Creation ◽  
Creative Destruction ◽  
Aggregate Productivity ◽  
Employment Share ◽  
New Varieties ◽  
To Come ◽  
Using Data ◽  
The U.S ◽  
Job Creation And Destruction

Entrants and incumbents can create new products and displace the products of competitors. Incumbents can also improve their existing products. How much of aggregate productivity growth occurs through each of these channels? Using data from the U.S. Longitudinal Business Database on all nonfarm private businesses from 1983 to 2013, we arrive at three main conclusions: First, most growth appears to come from incumbents. We infer this from the modest employment share of entering firms (defined as those less than 5 years old). Second, most growth seems to occur through improvements of existing varieties rather than creation of brand new varieties. Third, own‐product improvements by incumbents appear to be more important than creative destruction. We infer this because the distribution of job creation and destruction has thinner tails than implied by a model with a dominant role for creative destruction.

Local spillovers from high-growth businesses: do gazelles cannibalize or promote employment growth?

2020 ◽  
Author(s):  
Daniel Crown ◽  
Timothy Wojan ◽  
Anil Rupasingha
Keyword(s):  
Employment Growth ◽  
Spillover Effect ◽  
Job Creation ◽  
High Growth ◽  
Job Destruction ◽  
Metropolitan Statistical Areas ◽  
The Impact

Abstract This article estimates the employment spillover effect of high-growth businesses on establishment-level employment growth. We assess whether the impact depends on the rurality of the region, and whether nearby establishments are high-growth businesses themselves. We also estimate the within-industry impact of high-growth establishments (HGEs). The findings show no impact of HGEs on net employment growth, due to equal gross job creation and job destruction on average. However, we find that within the same industry, HGEs contribute to positive net employment growth, with large and nearly equal impacts on existing HGEs across both Metropolitan Statistical Areas regions and non-metro counties.

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