Economic Rebalancing and Service Delivery Efficiency
As a result, “Gazelle” firms appear to play a less important role
in terms of formal employment creation and innovation
A small number of young private firms ("Gazelles") have been
responsible for most of the job creation in Eastern Europe
during 2004-08
Share of Enteprises
72
72
71
Share of Jobs Created
73
73
67
66
65
% of all firms and all jobs created
54
50
50
51
22
19
18
17
14
13
13
10
42
12
5.2
2.8
1.1
2.6
5.0
4.5
1.4
-0.3
7.7
-1.0
Bulgaria Czech
Estonia Poland B&H
Croatia Romania Serbia Russia Ukraine
Republic
Advanced
Intermediate
Late
Notes: The number above each country represents the average growth rate of employment per year; country groupings refer to
advanced, intermediate and late reformers (definition by World Bank, in Back to Work).
Source: Back To Work: Growing with Jobs in Europe and Central Asia (2013).
THE WORLD BANK
IBRD IDA WORLD BANK GROUP
14View entire presentation