Big Business Stability and Social Welfare / Kathy Fogel, Randall Morck, Bernard Yeung.

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Fogel, Kathy

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Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w14027.Publication details: Cambridge, Mass. National Bureau of Economic Research 2008.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: Many countries appear to have excessively stable big business sectors, in that higher rates of big business turnover have been correlated with faster economy growth. Public policies that stabilize big business sectors are sometimes justified as supportive of social objectives. We find no consistent link between big business stability and public goods provision, egalitarianism, or labor empowerment. While absence of evidence is not evidence of absence, these findings suggest that other explanations, such as special interest politics or behavioral biases favoring the status quo also be considered.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w14027 (Browse shelf(Opens below))	Not For Loan

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Previous	nber w14024 China's Growing Economic Activity in Africa /	nber w14025 Carbon Motivated Border Tax Adjustments: Old Wine in Green Bottles? /	nber w14026 Systemic Sudden Stops: The Relevance Of Balance-Sheet Effects And Financial Integration /	nber w14027 Big Business Stability and Social Welfare /	nber w14028 Fiscal Foresight: Analytics and Econometrics /	nber w14029 Government Sponsored versus Private Venture Capital: Canadian Evidence /	nber w1403 The Impact of Annuity Insurance on Savings and Inequality /	Next

May 2008.

Many countries appear to have excessively stable big business sectors, in that higher rates of big business turnover have been correlated with faster economy growth. Public policies that stabilize big business sectors are sometimes justified as supportive of social objectives. We find no consistent link between big business stability and public goods provision, egalitarianism, or labor empowerment. While absence of evidence is not evidence of absence, these findings suggest that other explanations, such as special interest politics or behavioral biases favoring the status quo also be considered.