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

Format:

Book

Author/Creator:

Fogel, Kathy.

Contributor:

National Bureau of Economic Research.

Morck, Randall.

Yeung, Bernard.

Series:

Working Paper Series (National Bureau of Economic Research) no. w14027.

NBER working paper series no. w14027

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2008.

Summary:

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.

Notes:

Print version record

May 2008.