TY  - BOOK
AU  - Cuaresma,Jesus Crespo
AU  - Cuaresma,Jesus Crespo
AU  - Oberhofer,Harald
AU  - Vincelette,Gallina A.
TI  - Firm Growth and Productivity in Belarus: New Empirical Evidence from the Machine Building Industry 
PY  - 2012///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Economic Growth
KW  - Economic Theory & Research
KW  - Firm growth
KW  - Firm profitability
KW  - Gibrat's law
KW  - Labor Markets
KW  - Labor Policies
KW  - Machine building industry
KW  - Macroeconomics and Economic Growth
KW  - Microfinance
KW  - Poverty Reduction
KW  - State enterprise sector
N2  - 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
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-6005
ER  -