Firm Growth and Productivity in Belarus: New Empirical Evidence from the Machine Building Industry

33 Pages Posted: 20 Apr 2016

See all articles by Jesus Crespo Cuaresma

Jesus Crespo Cuaresma

affiliation not provided to SSRN

Harald Oberhofer

Vienna University of Economics and Business - Department of Economics; Austrian Institute of Economic Research (WIFO)

Gallina Andronova Vincelette

The World Bank

Date Written: March 1, 2012

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

Suggested Citation

Cuaresma, Jesus Crespo and Oberhofer, Harald and Vincelette, Gallina Andronova, Firm Growth and Productivity in Belarus: New Empirical Evidence from the Machine Building Industry (March 1, 2012). World Bank Policy Research Working Paper No. 6005, Available at SSRN: https://ssrn.com/abstract=2026809

Jesus Crespo Cuaresma (Contact Author)

affiliation not provided to SSRN

No Address Available

Harald Oberhofer

Vienna University of Economics and Business - Department of Economics ( email )

Welthandelsplatz 1
A-1020 Vienna
Austria

Austrian Institute of Economic Research (WIFO) ( email )

P.O. Box 91
Wien, A-1103
Austria

Gallina Andronova Vincelette

The World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States
+1.202.473.0288 (Phone)

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