Rowley, Robin and Bichler, Shimshon and Nitzan, Jonathan (1988): Some Aspects of Aggregate Concentration in the Israeli Economy, 1964-1986. Published in: Working Papers , Vol. 88, No. 7 (1988): pp. 1-64.
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This essay examines the Israeli market structure from the perspective of ownership. We distinguish between the several corporate holding-groups that dominate the ‘Big Economy’ and the multitude of smaller, largely independent, business entities of the ‘Small Economy’. Although the two “sectors” operate under the same macroeconomic conditions, the analysis reveals marked differences in their business performance. These differences were reflected in an upward trend of aggregate concentration through the 1964-1968 period. Until the early 1970s the upward trend was moderate and was largely due to the different expansion paces of the two “sectors”. Since then, however, the trend intensified as the ‘Small Economy’ stagnated while profits in the ‘Big Economy’ continued to grow.
|Item Type:||MPRA Paper|
|Original Title:||Some Aspects of Aggregate Concentration in the Israeli Economy, 1964-1986|
|Keywords:||concentration dual economy holding groups Israel market structure national accounting ownership profit surplus|
|Subjects:||L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L11 - Production, Pricing, and Market Structure; Size Distribution of Firms
P - Economic Systems > P1 - Capitalist Systems > P16 - Political Economy
|Depositing User:||Jonathan Nitzan|
|Date Deposited:||22. Oct 2007|
|Last Modified:||12. Feb 2013 13:53|