Firm Growth and Productivity in Belarus : New Empirical Evidence from the Machine Building Industry

• Tác giả: Jesus Crespo Cuaresma
• Ngôn ngữ: eng
• Ký hiệu phân loại: 621.7 Applied physics
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 321452
• Chủ đề: 1. ACCOUNTING; 2. ANNUAL GROWTH; 3. AVERAGE WAGE; 4. BUSINESS ECONOMICS; 5. CAPITAL INPUT

Tóm tắt

Using a unique dataset comprising information for more than 900 firms in the machine building sector in Belarus, this paper investigates the determinants of firm growth for an economy where state ownership of enterprises is widespread. It uses panel data models based on generalizations of Gibrat's law, total factor productivity estimates and matching methods to assess the differences in firm growth between private and state-owned firms. The results indicate that labor hoarding and soft budget constraints play a particularly important role in explaining differences in performance between these two groups of firms.