Firm Size, Market Liberalization and Growth

Petar Stankov

CERGE-EI Working Papers from The Center for Economic Research and Graduate Education - Economics Institute, Prague

Abstract: Economies have markedly different firm size distributions. At the same time, firms of different size grow differently after identical financial- and product-market liberalization reforms. Thus, identical reforms can produce different growth outcomes across countries. This result is reached after exploring firm-level data on sales and sales per worker across 135 developing and post-transition economies. It helps explain the remarkable variation in the vast development literature studying the effects of various market-oriented reforms across countries and over time.

Keywords: financial reforms; economic growth; firm size distributions; reform outcome divergence (search for similar items in EconPapers)
JEL-codes: D22 L11 L25 L53 O12 O43 (search for similar items in EconPapers)
Date: 2013-04
New Economics Papers: this item is included in nep-bec and nep-tra
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Citations: View citations in EconPapers (2)

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