Commander, Simon, Nikoloski, Zlatko and Plekhanov, Alexander (2011) Employment concentration and resource allocation: one-company towns in Russia. Working paper no.130. European Bank for Reconstruction and Development.
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)|
|Additional Information:||© 2011 The Authors|
|Library of Congress subject classification:||D History General and Old World > DK Russia. Soviet Union. Former Soviet Republics
H Social Sciences > HD Industries. Land use. Labor
|Journal of Economic Literature Classification System:||L - Industrial Organization > L0 - General|
|Sets:||Research centres and groups > LSE Health|
|Identification Number:||Working paper no.130|
|Date Deposited:||13 Sep 2012 11:42|
Actions (login required)
|Record administration - authorised staff only|