Some Aspects of Aggregate Concentration in the Israeli Economy, 1964-1986

Some Aspects of Aggregate Concentration in the Israeli Economy, 1964-1986
Rowley, Robin and Bichler, Shimshon and Nitzan, Jonathan. (1988). Working Papers. Department of Economics. McGill University. Montreal. Vol. 88. No. 7. pp. 1-64. (Working Paper; English).

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Abstract or Brief Description

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.

Language

English

Publication Type

Article - Working Paper

Keywords

concentration dual economy holding groups Israel market structure national accounting ownership profit surplus

Subject

BN Data & Statistics
BN Region - Middle East
BN Industrial Organization
BN Business Enterprise
BN Value & Price
BN Macro
BN Money & Finance
BN Methodology
BN Distribution
BN Comparative
BN Micro
BN Capital & Accumulation

ID Code

131

Deposited On

10 February 2007