Firm Growth and Productivity in Belarus [electronic resource] : New Empirical Evidence from the Machine Building Industry / Jesus Crespo Cuaresma
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TextPublication details: Washington, D.C., The World Bank, 2012Description: 1 online resource (33 p.)Subject(s): Economic Growth | Economic Theory & Research | Firm growth | Firm profitability | Gibrat's law | Labor Markets | Labor Policies | Machine building industry | Macroeconomics and Economic Growth | Microfinance | Poverty Reduction | State enterprise sectorAdditional physical formats: Cuaresma, Jesus Crespo.: Firm Growth and Productivity in Belarus.Online resources: Click here to access online Abstract: 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.
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.
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