Firm Growth and Productivity in Belarus : New Empirical Evidence from the Machine Building Industry
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 pane...
| Main Authors: | , , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/03/15955397/firm-growth-productivity-belarus-new-empirical-evidence-machine-building-industry http://hdl.handle.net/10986/19881 |
| Summary: | 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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