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Figure III.5

Decomposition of Aggregate Employment Growth: EU8 vs CIS

25.00

Percentage growth

20.00

15.00

10.00

5.00

0.00

net growth =

Difference in

-6.45%

net growth =

Net growth = 4.80%

Net growth =

  • -

    1.64%

Difference in

  • -

    6.45%

  • -

    5.00

New EU

CIS

Sectors (new private) Sector/size (endow)

Size (new private) Sector/size (coef )

State State (endow)

  • -

    10.00

  • -

    15.00

State (size) State (coef )

Difference

Privatized Privatized (endow)

Decomposition

Privatized (size) Privatized (coef )

Figure III.6

Decomposition of Average Firm Growth: EU8 vs CIS

25.00

Percentage growth

20.00

15.00

10.00

5.00

Difference in

Difference in

net growth =

net growth =

-6.50%

-6.50%

Net growth = 5.49%

Net growth = 11.99%

0.00

New EU

CIS

Sectors (new private) Sector/size (endow)

Size (new private) Sector/size (coef )

State State (endow)

  • -

    5.00

  • -

    10.00

State (size) State (coef )

Difference

Privatized Privatized (endow)

Decomposition

Privatized (size) Privatized (coef )

52

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