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

Crespo Cuaresma, Jesus and Oberhofer, Harald and Vincelette, Gallina A. (2014) Firm growth and productivity in Belarus: New empirical evidence from the machine building industry. Journal of Comparative Economics, 42 (3). pp. 726-738. ISSN 0147-5967

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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-contolled 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
Additional Information: To see the final version of this paper please visit the publisher's website. Access to the published version requires a subscription. The original publication is available at www.elsevier.com.
Keywords: Firm growth / Total factor productivity / State-owned enterprises / Soft budget constraints
Classification Codes: JEL P73, P31, L25, L32
Divisions: Departments > Volkswirtschaft > Makroökonomie
Version of the Document: Accepted for Publication
Variance from Published Version: None
Depositing User: ePub Administrator
Date Deposited: 25 Nov 2013 13:16
Last Modified: 06 Apr 2017 19:01
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/63606/
URI: http://epub.wu.ac.at/id/eprint/4023


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