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

Jesus Crespo Cuaresma, Harald Oberhofer and Gallina A. Vincelette

No 6005, Policy Research Working Paper Series from The World Bank

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.

Keywords: Microfinance; Labor Policies; Economic Theory&Research; Economic Growth; Labor Markets (search for similar items in EconPapers)
Date: 2012-03-01
New Economics Papers: this item is included in nep-eff, nep-ent, nep-hme and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Firm growth and productivity in Belarus: New empirical evidence from the machine building industry (2014)
Working Paper: Firm growth and productivity in Belarus: New empirical evidence from the machine building industry (2012)
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