Browsing Management and Law by Author "Vakhitov, V."
The evolution of firm-level distributions for Ukrainian manufacturing firmsHuynh, K.P.; Jacho-Chavez, D.T.; Kryvtsov, O.; Shepotylo, Oleksandr; Vakhitov, V. (2016-02-01)We document rich variation across observed firms’ characteristics, and the accompanying macroeconomic volatility, often related to political turmoil for Ukrainian manufacturing firms. We use a unique annual firm-level data for the period from 2001 to 2009 compiled from the Derzhkomstat. To understand the evolution of distributions we utilize functional principal component analysis while accounting for the effects associated with firms’ region, industry, trade status, and firm turnover. The overall improvements in firm productivity in Ukraine’s manufacturing in 2001–2009 vary substantially by industry, trade status and with firm turnover, while regional effects are less important.
Services liberalization and productivity of manufacturing firms: Evidence from UkraineShepotylo, Oleksandr; Vakhitov, V. (2015)This paper brings new evidence on the impact of services liberalization on the performance of manufacturing firms. Using a unique database of Ukrainian firms in 2001-2007, the authors utilize an external push for liberalization in the services sector as a source of exogenous variation to identify the impact of services liberalization on total factor productivity (TFP) of manufacturing firms. The results indicate that a standard deviation increase in services liberalization is associated with a 9 percent increase in TFP. Allowing services liberalization to dynamically influence TFP through the investment channel leads to an even larger effect. The effect is robust to different estimation methods and to different sub-samples of the data. In particular, it is more pronounced for domestic and small firms.