Publication: Ownership and Growth
Date
2001-09
ISSN
Published
2001-09
Author(s)
Gylfason, Thorvaldur
Herbertsson, Tryggvi Thor
Zoega, Gylfi
Abstract
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.
Link to Data Set
Citation
“Gylfason, Thorvaldur; Herbertsson, Tryggvi Thor; Zoega, Gylfi. 2001. Ownership and Growth. World Bank Economic Review. © Washington, DC: World Bank. http://hdl.handle.net/10986/17439 License: CC BY-NC-ND 3.0 IGO.”
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World Bank Economic Review
1564-698X
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