Firm growth and productivity in Belarus: New empirical evidence from the machine building industry |
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| Authors: | Jesus Crespo Cuaresma Harald Oberhofer Gallina Andronova Vincelette |
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| Institution: | 1. Vienna University of Economics and Business (WU), Welthandelplatz 1, 1020 Vienna, Austria;2. World Population Program, International Institute of Applied Systems Analysis (IIASA), Schlossplatz 1, 2361 Laxenburg, Austria;3. Wittgenstein Centre for Demography and Global Human Capital (WIC), Welthandelplatz 1, 1020 Vienna, Austria;4. Austrian Institute for Economic Research (WIFO), Arsenal Objekt 20, 1030 Vienna, Austria;5. Department of Social Science and Salzburg Centre of European Union Studies (SCEUS), University of Salzburg, Residenzplatz 9, 5010 Salzburg, Austria;6. The World Bank, Poverty Reduction and Economic Management, Europe & Central Asia Region, The World Bank, 1818 H Street, NW Washington, D.C., United States |
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| Abstract: | 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-controlled 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. |
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| Keywords: | P73 P31 L25 L32 |
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