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    Ownership and growth

    Gylfason, T. and Herbertsson, T. and Zoega, Gylfi (2002) Ownership and growth. The World Bank Economic Review 15 (3), pp. 431-449. ISSN 0258-6770.

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    This article suggests how state enterprises can be incorporated into the theoretical and empirical growth literature. Specifically, it shows that if state enterprises are less efficient than private firms, invest less, employ less skilled labor, and are less eager to adopt new technology, then a large state enterprise sector tends to be associated with slow economic growth, all else remaining the same. The empirical evidence for 1978–92 indicates that, through a mixture of these channels, an increase in the share of state enterprises in employment by one standard deviation could reduce per capita growth by one to two percentage points a year from one country to another.


    Item Type: Article
    School: School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Sarah Hall
    Date Deposited: 08 Dec 2020 13:37
    Last Modified: 08 Dec 2020 13:37


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