Crespo Cuaresma, JesusOberhofer, HaraldVincelette, Gallina A.2014-08-292014-08-292012-03https://hdl.handle.net/10986/19881Using 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.en-USCC BY 3.0 IGOACCOUNTINGANNUAL GROWTHAVERAGE WAGEBUSINESS ECONOMICSCAPITAL INPUTCAPITAL INVESTMENTSCAPITAL STOCKCOBB-DOUGLAS PRODUCTION FUNCTIONCOMPANYCOMPARATIVE ADVANTAGESCOMPETITIVENESSCOMPETITORSCONGLOMERATESCONSTANT RETURNSCONSTANT RETURNS TO SCALECONVERGENCE EQUATIONSCORPORATE GROWTHCOST EFFECTIVENESSCOUNTERFACTUAL OUTCOMEDEVELOPMENT POLICYDOWNSIZINGDRIVERSDYNAMIC ANALYSISECONOMETRIC ANALYSISECONOMETRICSECONOMIC PERFORMANCEECONOMIC RESEARCHECONOMIC SURVEYSECONOMICSEDUCATIONAL ATTAINMENTEMPLOYEEEMPLOYMENTEMPLOYMENT GROWTHEMPLOYMENT GROWTH RATEEMPLOYMENT GROWTH RATESEQUATIONSEXPORT MARKETSEXPORTSFIRM GROWTHFIRM LEVELFIRM PRODUCTIVITYFIRM SIZEFIRMSFUNCTIONAL FORMGLOBAL RECESSIONGROWTH LITERATUREGROWTH PERFORMANCEGROWTH PROCESSGROWTH RATEGROWTH RATESHUMAN CAPITALHUMAN RESOURCESINCREASE IN CAPITALINDUSTRIAL ECONOMICSINEFFICIENCYINTEREST RATEINTERMEDIATE GOODSINTERNATIONAL MARKETSLABOR ALLOCATIONLABOR DEMANDLABOR FORCELABOR INPUTLIQUIDITYMARGINAL PRODUCTSMARKET FAILUREORGANIZATIONAL STRUCTUREOWNERSHIP STRUCTUREPOSITIVE EFFECTSPRECEDING SECTIONPREVIOUS SECTIONPRICE LEVELPRIVATE COMPANIESPRIVATE ENTERPRISESPRIVATE FIRMPRIVATE FIRMSPRODUCTION FUNCTIONPRODUCTION FUNCTIONSPRODUCTION INPUTSPRODUCTIVE FIRMSPRODUCTIVITYPRODUCTIVITY GROWTHPRODUCTIVITY LEVELSRANDOM WALKREGRESSION ANALYSISRESOURCE ALLOCATIONRETURNS TO SCALESIZE OF FIRMSKILLED WORKERSSMALL BUSINESSSMALL FIRMSSOFT BUDGET CONSTRAINTSSTATE ENTERPRISESTATE-OWNED ENTERPRISESTATE-OWNED ENTERPRISESSYSTEMS ANALYSISTELECOMMUNICATIONSTFPTOTAL FACTOR PRODUCTIVITYTOTAL WAGEVALUE ADDEDWAGES10.1596/1813-9450-6005