Commander, Simon, Nikoloski, Zlatko 
ORCID: 0000-0003-0609-5832 and Plekhanov, Alexander
(2011)
Employment concentration and resource allocation: one-company towns in Russia.
.
European Bank for Reconstruction and Development.
Abstract
The paper looks at the effects of employment concentration on resource allocation with a particular focus on one-company towns in Russia defined as towns where a single company accounts for a significant share of total employment of the locality. Empirical analysis of firms’ production functions indicates that companies located in one-company towns are characterized by lower marginal product of labour, higher marginal product of capital and lower overall productivity pointing towards significant labour hoarding. One-company town enterprises are also found to be financially more vulnerable. The paper argues that the dominance of natural resources in the Russian economy and employment concentration is closely linked.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Official URL: | http://www.ebrd.com/news/publications.html |
| Additional Information: | © 2011 The Authors |
| Divisions: | LSE Health |
| Subjects: | D History General and Old World > DK Russia. Soviet Union. Former Soviet Republics H Social Sciences > HD Industries. Land use. Labor |
| JEL classification: | L - Industrial Organization > L0 - General |
| Date Deposited: | 13 Sep 2012 11:42 |
| Last Modified: | 11 Dec 2024 19:05 |
| URI: | http://eprints.lse.ac.uk/id/eprint/45846 |
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