This paper examines what makes firms grow using the investment climate survey that was conducted by the World Bank in eight developing countries. We rely on the resource-based theory of the firm that was proposed by Penrose (1959) where firm growth depends on the kinds and amount of the diverse...

This study estimates the magnitude of gender wage differentials for a sample of workers from the Ethiopian manufacturing sector using the traditional Oaxaca-Blinder and an augmented Cotton-Neumark methodologies. In doing so, it separates part of the estimated log of gender wage differential...

Preschool can contribute importantly to human capital development, especially among poor children. In socialist countries, preschool enrolment rates have declined since transition. We examine changed preschool enrolment in Kyrgyzstan. We evaluate demand- and supply-side explanations for changing...

From the perspective of Penrose's theory of growth of the firms, this paper, first, interprets the rapid growth with diversification by the chaebols as exploitation of growth opportunities and available resources, given the rents associated with the domestic market protection and subsidized...

This paper examines the experiences of selected industries in Korea to identify the stylized facts in the process of technological capability building and thereby to sort out, if possible, the conditions for the catch-up to occur. We have built a model of technological and market catch-up....

The available empirical literature tends to focus on the performance comparison between business groups (BGs) and non-business groups, and there is no study that quantitatively verifies the origins of the business groups, particularly in China. This paper uses the survey data of SOEs...

This paper analyzes problems in China's enterprise reform from property rights and agency problem perspectives. Reform efforts by the mid 1980s are interpreted as dealing with only the agency problem by relocating the decision process among agents, but not solving the hierarchical collusion...