Abstract
This paper is the first to analyse a much broader range of correlates of job growth simultaneously for each country individually across all 12 East Asian and Pacific countries with stratified randomised enterprise survey data between 2009 and 2012. It acknowledges the strong data limitations and deviates from the standard approach of using pooled, cross-country regressions in analysing enterprise survey data which reduces the usefulness of findings for policymakers in individual countries by neglecting variations across diverse countries with unique business, regulatory and institutional environments. Potential policy responses are derived from the multivariate econometric analyses while highlighting the importance of idiosyncratic country conditions. JEL codes: J21, J24, J30, D22
Highlights
Creating jobs is of relevance for firm owners, citizens and policymakers alike
This can allow for a broader understanding of a wider range of correlates of job growth. Most such papers, which use enterprise survey data to analyse job growth, apply pooled, cross-country regressions. This modelling approach merges idiosyncraticies within individual countries into pooled results or into the error term, making the strong assumption that correlates of job growth would be similar across countries
In contrast to the papers listed above that run cross-country pooled regressions, this paper explores the correlates of job growth in each country individually—with the advantages of this approach outlined in the introduction
Summary
Creating jobs is of relevance for firm owners, citizens and policymakers alike. The extent to which firms create jobs can be shaped by the broader business, investment and institutional environment within which they operate, i.e. by factors that can influence firms’ opportunities and risks, their decisions about investments and their incentives to expand. Within this broader environment, applied economists often analyse the relationship of policy (such as improved access to infrastructure or technology) or managerial choices (such as the decision to export) with firm expansion. An abundance of research exists on the correlates of job creation globally and in OECD countries, but such research is more scarce within individual East Asian and Pacific
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