State-Owned Enterprises and Endogenous Growth

• Autorzy: Piotr Matuszak
• Języki publikacji: EN

Abstrakty

EN

This article analyzes the growth impact of state ownership in enterprises by introducing state-owned enterprises (SOEs) into the endogenous, Romer-type economic growth model. We build on the empirical firm-level analysis showing that SOEs underperform their privately owned counterparts and consider SOEs' inefficiency and related subsidization in the growth model. Our model predicts that the growth rate is decreasing in the SOE inefficiency and SOE shares in final goods production and R&D sectors. The model helps to shed light on the mechanisms behind empirical facts observed in European economies in the 21st century - lower growth and innovation rates in countries with larger SOE shares. (original abstract)

Słowa kluczowe

EN

State enterprises; State ownership; Economic growth; Endogenous growth

PL

Przedsiębiorstwo państwowe; Własność państwowa; Wzrost gospodarczy; Wzrost endogeniczny

• Czasopismo: Central European Journal of Economic Modelling and Econometrics (CEJEME)
• Rocznik: 2023
• Tom: 15
• Numer: nr 1
• Strony: 65--89

Twórcy

autor

Piotr Matuszak

• The Polish Academy of Science

Bibliografia

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Identyfikatory

DOI

10.24425/cejeme.2023.144999