Big business stability and social welfare
By: Kathy Fogel, Randall Morck, Bernard Yeung.
Contributors: Morck, Randall.; Yeung, Bernard, 1953-; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 14027; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 14027.
Publisher: National Bureau of Economic Research
Published: 2008
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "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"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 7/10/2008.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.