Big businesses and economic growth: Identifying a binding constraint for growth with country panel analysis

Journal of Comparative Economics - Tập 41 - Trang 561-582 - 2013
Keun Lee1, Byung-Yeon Kim1, Young-Yoon Park1, Elias Sanidas1
1Seoul National University, Seoul 151-746, Republic of Korea

Tài liệu tham khảo

Acemoglu, 2001, The colonial origins of comparative development: an empirical investigation, American Economic Review, 91, 1369, 10.1257/aer.91.5.1369 Acemoglu, 2002, Reversal of fortune: geography and institutions in the making of the modern world income distribution, Quarterly Journal of Economics, 117, 1231, 10.1162/003355302320935025 Acs, 1992, Small business economics: a global perspective, Challenge, 35, 38, 10.1080/05775132.1992.11471626 Arellano, 1995, Another look at the instrumental-variable estimation of error-component models, Journal of Econometrics, 68, 29, 10.1016/0304-4076(94)01642-D Audretsch, 2002, Impeded industrial restructuring: the growth penalty, Kyklos, 55, 81, 10.1111/1467-6435.00178 Ayyagari, Meghana, Beck, Thorsten, Demirguc-Kunt, Asl, 2003. Small and Medium Enterprises Across the Globe: A New Database. Policy Research Working Paper Series 3127, World Bank. APEC, 1998. Helping Your Business Grow: Guide for Small and Medium Enterprises (SMEs) in the APEC Region. Working Group. APEC, 2000. Guide for Small and Medium Enterprises (SMEs) in the APEC region. Small and Medium Enterprises Working Group. Baumol, 1990, Entrepreneurship: productive, unproductive and destructive, Journal of Political Economy, 98, 893, 10.1086/261712 Beck, 2005, SMEs, growth, and poverty: cross-country evidence, Journal of Economic Growth, 10, 199, 10.1007/s10887-005-3533-5 Blackford, 1998 Blundell, 1998, Initial conditions and moment conditions in dynamic panel data models, Journal of Econometrics, 87, 115, 10.1016/S0304-4076(98)00009-8 Buckley, 2004, Asian network firms: an analytical framework, Asia Pacific Business Review, 10, 254, 10.1080/1360238042000264351 Bond, Stephen R., Hoeffler, Anke, Temple, Jonathan, 2001. GMM estimation of empirical growth models. University of Bristol Working Paper. Borensztein, 1998, How does foreign direct investment affect economic growth?, Journal of International Economics, 45, 115, 10.1016/S0022-1996(97)00033-0 Cameron, 2009 Caselli, 1996, Reopening the convergence debate: a new look at cross-country growth empirics, Journal of Economic Growth, 1, 363, 10.1007/BF00141044 Cassis, 1997 Chandler, 1959, The beginning of big business in American industry Chandler, 1977 Chandler, 1990 Chandler, 1997 Choo, 2009, Changing performance of business groups over two decades: technological capabilities and investment inefficiency in Korean Chaebols, Economic Development and Cultural Change, 57, 359, 10.1086/592837 Colli, Andrea, 2002. Il quarto capitalismo: un profilo italiano (The fourth capitalism: an Italian portrait). Venice, Marsilio. Davis, 1992, Gross job creation, gross job destruction and Employment reallocation, Quarterly Journal of Economics, 107, 819, 10.2307/2118365 Davis, 1996, Small businesses and job creation: dissecting the myth and reassessing facts, Small Business Economics, 8, 297, 10.1007/BF00393278 Dixit, 2011, SMEs and economic growth in India: cointegration analysis, The IUP Journal of Financial Economics, 9, 41 Edmiston, 2007 Fogel, 2008, Big business stability and economic growth: is what’s good for General Motors good for America?, Journal of Financial Economics, 89, 83, 10.1016/j.jfineco.2007.06.004 Glaeser, 2004, Do institutions cause growth?, Journal of Economic Growth, 9, 271, 10.1023/B:JOEG.0000038933.16398.ed Goh, Mark, 2007. High-growth, Innovative Asian SMEs for International Trade and Competitiveness: Challenges and Solutions for APO Member Countries. Asian Productivity organization (APO), Tokyo. Goto, 1982, Business groups in market economy, European Economic Review, 19, 53, 10.1016/0014-2921(82)90005-8 Grossman, 1994, Protection for sale, The American Economic Review, 84, 833 Hall, 2002, Profile of SMEs and SME issues in East Asia Hausmann, 2008, Growth diagnostics, 324 2006 Iacoviello, 2011, Input and output inventories in general equilibrium, International Economic Review, 52, 1179, 10.1111/j.1468-2354.2011.00664.x Islam, 1995, Growth empirics: a panel data approach, Quarterly Journal of Economics, 110, 1127, 10.2307/2946651 IPR Strategic Business Information Database, 2007. Saudi Arabia: SMEs Employ 85% of Labor Force. March 25. Julien, 1993, Small businesses as a research subject: some reflections on knowledge of small businesses and its effects on economic theory, Small Business Economics, 5, 157, 10.1007/BF01531912 Jung, 2010, Sectoral systems of innovation and productivity catch-up of Korean firms with the Japanese firms, Industrial and Corporate Change, 19, 1037, 10.1093/icc/dtp054 Khanna, 2000, Business groups and social welfare in emerging markets: existing evidence and unanswered questions, European Economic Review, 44, 748, 10.1016/S0014-2921(99)00059-8 Khanna, Tarun, Palepu, Krishna, 1997. Why focused strategies may be wrong for emerging markets. Harvard Business Review 75 (4) (July-August), 41–51. Khanna, 2000, Is group affiliation profitable in emerging markets? An analysis of diversified Indian business groups, Journal of Finance, 55, 867, 10.1111/0022-1082.00229 Kimakova, 2009, Government sizes and openness revisited: the case of financial liberalization, Kyklos, 62, 394, 10.1111/j.1467-6435.2009.00442.x Kozul-Wright, 1998 Leff, 1978, Industrial organization and entrepreneurship in the developing countries; the economic groups, Economic Development and Cultural Changes, 26, 661, 10.1086/451052 Lee, 2009, Both institutions and policies matter but differently at different income groups of countries: determinants of long-run economic growth revisited, World Development, 37, 533, 10.1016/j.worlddev.2008.07.004 Lee, 2009, The origins of the business groups in China: an empirical testing of the three paths and the three theories, Business History, 51, 77, 10.1080/00076790802602206 Mankiw, 1992, A contribution to the empirics of economic growth, Quarterly Journal of Economics, 107, 407, 10.2307/2118477 Mulhern, 1996, Venezuellan small business and the economic crisis: reflections from Europe, International Journal of Entrepreneurial Behaviour and Research, 2, 69, 10.1108/13552559610119340 Pack, 1986, Industrial strategy and technological change: theory versus reality, Journal of Development Economics, 22, 87, 10.1016/0304-3878(86)90053-2 Pagano, 2003, Firm size distribution and growth, Scandinavian Journal of Economics, 105, 255, 10.1111/1467-9442.t01-1-00008 Rodrik, 1999, Where did all the growth go? External shocks, social conflict, and growth collapses, Journal of Economic Growth, 4, 385, 10.1023/A:1009863208706 Rodrik, 2006, Goodbye Washington Consensus Hello Washington Confusion? A review of the World Bank’s Economic Growth in the 1990s: learning from a decade of reform, Journal of Economic Literature, 44, 973, 10.1257/jel.44.4.973 Rodrik, 2004, Institutions rule: the primacy of institutions over geography and integration in economic development, Journal of Economic Growth, 9, 131, 10.1023/B:JOEG.0000031425.72248.85 Saleh, 2006, An evaluation of SME development in Malaysia, International Review of Business Research Papers, 2, 1 Sanidas, 2005 Sanidas, 2007, The impact of large firms in promoting economic growth, exports, and regional integration: a chandlerian perspective, Middle East Business and Economic Review, 19, 61 Schneider, 2005, Shadow economies around the world: what do we really know?, European Journal of Political Economy, 21, 598, 10.1016/j.ejpoleco.2004.10.002 Schumpeter, 1934 Schumpeter, 1942 Simon, 2009 Symeonidis, 1996, Innovation, firm size, and market structure: schumpeterian hypotheses and some new themes, OECD Economic Studies, 27, 35 Tung, 2008, Key Success factors and indigenous management practices in SMEs in emerging economies, Journal of World Business, 43, 381, 10.1016/j.jwb.2008.04.001 Verbeek, 2008 Wardley, 1991, The anatomy of big business: aspects of corporate development in the twentieth century, Business History, 33, 268, 10.1080/00076799100000056 Williamson, 1975 Wooldridge, 2002 World Bank, 2010. Escaping the Middle-Income-Trap. World Bank East Asia Pacific Economic Update: Robust Recovery, Rising Risks 2. World Bank, Washington, DC. World Bank, 2005. Economic Growth in the 1990s: Learning from a decade of reform. World Bank, Washington, DC. World Bank, 2002/2004. Review of Small Business Activities. World Bank, Washington, DC. World Bank, 2012 (and various issues). World Development Indicators, and its Data. World Bank, Washington, DC. <http://data.worldbank.org/about/country-classifications/country-and-lending-groups>. Yao, 2007, Economic growth in the presence of FDI: the perspective of newly industrialising economies, Journal of Comparative Economics, 35, 211, 10.1016/j.jce.2006.10.007 Yusuf, Shahid, Nabeshima, Kaoru, 2009. Can Malaysia Escape the Middle Income Trap? A strategy for Penang. Policy Research Working Paper. 4971, World Bank, Washington, DC.