Firm growth and productivity in Belarus: New empirical evidence from the machine building industry

Crespo Cuaresma J, Oberhofer H, & Vincelette GA (2014). Firm growth and productivity in Belarus: New empirical evidence from the machine building industry. Journal of Comparative Economics 42 (3): 726-738. DOI:10.1016/j.jce.2013.07.004.

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Abstract

Using a unique dataset comprising information for (up to) 153 firms in the machine building sector in Belarus, we investigate the determinants of firm growth for an economy where state ownership of enterprises is widespread. We use 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-controlled firms. Our 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.

Item Type: Article
Uncontrolled Keywords: Firm growth; Total factor productivity; State-owned enterprises; Soft budget constraints
Research Programs: World Population (POP)
Bibliographic Reference: Journal of Comparative Economics; 42(3):726-738 (August 2014) (Published online 25 July 2013)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:50
Last Modified: 23 Feb 2016 12:55
URI: http://pure.iiasa.ac.at/10862

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