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...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| 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 |
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okr-10986-198812021-04-23T14:03:52Z Firm Growth and Productivity in Belarus : New Empirical Evidence from the Machine Building Industry Crespo Cuaresma, Jesus Oberhofer, Harald Vincelette, Gallina A. ACCOUNTING ANNUAL GROWTH AVERAGE WAGE BUSINESS ECONOMICS CAPITAL INPUT CAPITAL INVESTMENTS CAPITAL STOCK COBB-DOUGLAS PRODUCTION FUNCTION COMPANY COMPARATIVE ADVANTAGES COMPETITIVENESS COMPETITORS CONGLOMERATES CONSTANT RETURNS CONSTANT RETURNS TO SCALE CONVERGENCE EQUATIONS CORPORATE GROWTH COST EFFECTIVENESS COUNTERFACTUAL OUTCOME DEVELOPMENT POLICY DOWNSIZING DRIVERS DYNAMIC ANALYSIS ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC PERFORMANCE ECONOMIC RESEARCH ECONOMIC SURVEYS ECONOMICS EDUCATIONAL ATTAINMENT EMPLOYEE EMPLOYMENT EMPLOYMENT GROWTH EMPLOYMENT GROWTH RATE EMPLOYMENT GROWTH RATES EQUATIONS EXPORT MARKETS EXPORTS FIRM GROWTH FIRM LEVEL FIRM PRODUCTIVITY FIRM SIZE FIRMS FUNCTIONAL FORM GLOBAL RECESSION GROWTH LITERATURE GROWTH PERFORMANCE GROWTH PROCESS GROWTH RATE GROWTH RATES HUMAN CAPITAL HUMAN RESOURCES INCREASE IN CAPITAL INDUSTRIAL ECONOMICS INEFFICIENCY INTEREST RATE INTERMEDIATE GOODS INTERNATIONAL MARKETS LABOR ALLOCATION LABOR DEMAND LABOR FORCE LABOR INPUT LIQUIDITY MARGINAL PRODUCTS MARKET FAILURE ORGANIZATIONAL STRUCTURE OWNERSHIP STRUCTURE POSITIVE EFFECTS PRECEDING SECTION PREVIOUS SECTION PRICE LEVEL PRIVATE COMPANIES PRIVATE ENTERPRISES PRIVATE FIRM PRIVATE FIRMS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION INPUTS PRODUCTIVE FIRMS PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS RANDOM WALK REGRESSION ANALYSIS RESOURCE ALLOCATION RETURNS TO SCALE SIZE OF FIRM SKILLED WORKERS SMALL BUSINESS SMALL FIRMS SOFT BUDGET CONSTRAINTS STATE ENTERPRISE STATE-OWNED ENTERPRISE STATE-OWNED ENTERPRISES SYSTEMS ANALYSIS TELECOMMUNICATIONS TFP TOTAL FACTOR PRODUCTIVITY TOTAL WAGE VALUE ADDED WAGES 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. 2014-08-29T19:03:29Z 2014-08-29T19:03:29Z 2012-03 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 English en_US Policy Research Working Paper;No. 6005 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Belarus |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ANNUAL GROWTH AVERAGE WAGE BUSINESS ECONOMICS CAPITAL INPUT CAPITAL INVESTMENTS CAPITAL STOCK COBB-DOUGLAS PRODUCTION FUNCTION COMPANY COMPARATIVE ADVANTAGES COMPETITIVENESS COMPETITORS CONGLOMERATES CONSTANT RETURNS CONSTANT RETURNS TO SCALE CONVERGENCE EQUATIONS CORPORATE GROWTH COST EFFECTIVENESS COUNTERFACTUAL OUTCOME DEVELOPMENT POLICY DOWNSIZING DRIVERS DYNAMIC ANALYSIS ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC PERFORMANCE ECONOMIC RESEARCH ECONOMIC SURVEYS ECONOMICS EDUCATIONAL ATTAINMENT EMPLOYEE EMPLOYMENT EMPLOYMENT GROWTH EMPLOYMENT GROWTH RATE EMPLOYMENT GROWTH RATES EQUATIONS EXPORT MARKETS EXPORTS FIRM GROWTH FIRM LEVEL FIRM PRODUCTIVITY FIRM SIZE FIRMS FUNCTIONAL FORM GLOBAL RECESSION GROWTH LITERATURE GROWTH PERFORMANCE GROWTH PROCESS GROWTH RATE GROWTH RATES HUMAN CAPITAL HUMAN RESOURCES INCREASE IN CAPITAL INDUSTRIAL ECONOMICS INEFFICIENCY INTEREST RATE INTERMEDIATE GOODS INTERNATIONAL MARKETS LABOR ALLOCATION LABOR DEMAND LABOR FORCE LABOR INPUT LIQUIDITY MARGINAL PRODUCTS MARKET FAILURE ORGANIZATIONAL STRUCTURE OWNERSHIP STRUCTURE POSITIVE EFFECTS PRECEDING SECTION PREVIOUS SECTION PRICE LEVEL PRIVATE COMPANIES PRIVATE ENTERPRISES PRIVATE FIRM PRIVATE FIRMS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION INPUTS PRODUCTIVE FIRMS PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS RANDOM WALK REGRESSION ANALYSIS RESOURCE ALLOCATION RETURNS TO SCALE SIZE OF FIRM SKILLED WORKERS SMALL BUSINESS SMALL FIRMS SOFT BUDGET CONSTRAINTS STATE ENTERPRISE STATE-OWNED ENTERPRISE STATE-OWNED ENTERPRISES SYSTEMS ANALYSIS TELECOMMUNICATIONS TFP TOTAL FACTOR PRODUCTIVITY TOTAL WAGE VALUE ADDED WAGES |
| spellingShingle |
ACCOUNTING ANNUAL GROWTH AVERAGE WAGE BUSINESS ECONOMICS CAPITAL INPUT CAPITAL INVESTMENTS CAPITAL STOCK COBB-DOUGLAS PRODUCTION FUNCTION COMPANY COMPARATIVE ADVANTAGES COMPETITIVENESS COMPETITORS CONGLOMERATES CONSTANT RETURNS CONSTANT RETURNS TO SCALE CONVERGENCE EQUATIONS CORPORATE GROWTH COST EFFECTIVENESS COUNTERFACTUAL OUTCOME DEVELOPMENT POLICY DOWNSIZING DRIVERS DYNAMIC ANALYSIS ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC PERFORMANCE ECONOMIC RESEARCH ECONOMIC SURVEYS ECONOMICS EDUCATIONAL ATTAINMENT EMPLOYEE EMPLOYMENT EMPLOYMENT GROWTH EMPLOYMENT GROWTH RATE EMPLOYMENT GROWTH RATES EQUATIONS EXPORT MARKETS EXPORTS FIRM GROWTH FIRM LEVEL FIRM PRODUCTIVITY FIRM SIZE FIRMS FUNCTIONAL FORM GLOBAL RECESSION GROWTH LITERATURE GROWTH PERFORMANCE GROWTH PROCESS GROWTH RATE GROWTH RATES HUMAN CAPITAL HUMAN RESOURCES INCREASE IN CAPITAL INDUSTRIAL ECONOMICS INEFFICIENCY INTEREST RATE INTERMEDIATE GOODS INTERNATIONAL MARKETS LABOR ALLOCATION LABOR DEMAND LABOR FORCE LABOR INPUT LIQUIDITY MARGINAL PRODUCTS MARKET FAILURE ORGANIZATIONAL STRUCTURE OWNERSHIP STRUCTURE POSITIVE EFFECTS PRECEDING SECTION PREVIOUS SECTION PRICE LEVEL PRIVATE COMPANIES PRIVATE ENTERPRISES PRIVATE FIRM PRIVATE FIRMS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION INPUTS PRODUCTIVE FIRMS PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS RANDOM WALK REGRESSION ANALYSIS RESOURCE ALLOCATION RETURNS TO SCALE SIZE OF FIRM SKILLED WORKERS SMALL BUSINESS SMALL FIRMS SOFT BUDGET CONSTRAINTS STATE ENTERPRISE STATE-OWNED ENTERPRISE STATE-OWNED ENTERPRISES SYSTEMS ANALYSIS TELECOMMUNICATIONS TFP TOTAL FACTOR PRODUCTIVITY TOTAL WAGE VALUE ADDED WAGES Crespo Cuaresma, Jesus Oberhofer, Harald Vincelette, Gallina A. Firm Growth and Productivity in Belarus : New Empirical Evidence from the Machine Building Industry |
| geographic_facet |
Europe and Central Asia Belarus |
| relation |
Policy Research Working Paper;No. 6005 |
| description |
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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Crespo Cuaresma, Jesus Oberhofer, Harald Vincelette, Gallina A. |
| author_facet |
Crespo Cuaresma, Jesus Oberhofer, Harald Vincelette, Gallina A. |
| author_sort |
Crespo Cuaresma, Jesus |
| title |
Firm Growth and Productivity in Belarus : New Empirical Evidence from the Machine Building Industry |
| title_short |
Firm Growth and Productivity in Belarus : New Empirical Evidence from the Machine Building Industry |
| title_full |
Firm Growth and Productivity in Belarus : New Empirical Evidence from the Machine Building Industry |
| title_fullStr |
Firm Growth and Productivity in Belarus : New Empirical Evidence from the Machine Building Industry |
| title_full_unstemmed |
Firm Growth and Productivity in Belarus : New Empirical Evidence from the Machine Building Industry |
| title_sort |
firm growth and productivity in belarus : new empirical evidence from the machine building industry |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
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 |
| _version_ |
1764444016368156672 |