State-owned enterprises and economic growth: Evidence from the post-Lehman period

نویسندگان

چکیده

Abstract This paper investigates the effect of state-owned enterprises (SOEs) on economic growth in 30 European countries period between 2010 and 2016. We build a unique dataset weight SOEs based data more than 130,000 large nonfinancial companies. In our regression analysis, we condition different measures institutional quality. According to results, are not positive or negative for per se. Their impact hinges crucially upon country’s institutions: with good (bad) institutions is beneficial (detrimental), turning into significantly (negative) right-tail (left-tail) sample distribution result holds through wide array robustness checks. The policy conclusion that external effects may outweigh loss caused by SOEs’ possible inefficiencies.

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ژورنال

عنوان ژورنال: Economic Modelling

سال: 2021

ISSN: ['0264-9993', '1873-6122']

DOI: https://doi.org/10.1016/j.econmod.2021.03.009