ECONOMETRIC ESTIMATION OF MARKET SELECTION IN RUSSIA: DIFFERENT PERFORMANCE INDICATORS

Andrey Pushkarev, Anna Sennikova () and Oleg Mariev
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Anna Sennikova: Ural Federal University

No 10913104, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: This paper contributes to the analysis of several firm performance indicators for estimating market selection forces on the industrial level by using econometric estimation method. For the comparison we employ data on Russian manufacturing firms for the period from 2006 to 2017. The sample contains more than 79 thousand enterprises for a period of 2 to 12 years. This research is focused on such performance indicators as labor productivity, total factor productivity (TFP) and profit per employee. We compare results of the econometrical examination of the link between each of them and the firm growth. The main result implies that the bulk of the impact of productivity variables relates to efficiency changes more than to absolute differences of productivity levels across firms. Comparing three performance indicators we see that the median values of total explanatory ability are close for the labor productivity and total factor productivity. This holds true also on the level of individual industries. The results for profit per employee provide slightly higher median estimate. The research shows that such indicator as profit of the firm can well substitute labor productivity indicator in the market selection and competition research.

Keywords: productivity; market selection; Russian firms (search for similar items in EconPapers)
JEL-codes: D40 L11 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2020-07
New Economics Papers: this item is included in nep-cis and nep-eff
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Published in Proceedings of the Proceedings of the 13th Economics & Finance Conference, Prague, Jul 2020, pages 166-172

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