Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/157844
Authors: 
Rowley, Robin
Bichler, Shimshon
Nitzan, Jonathan
Year of Publication: 
1988
Series/Report no.: 
Working Papers, Department of Economics, McGill University 7/88
Abstract: 
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.
Subjects: 
concentration
dual economy
holding groups
Israel
market structure
national accounting
ownership
profit
surplus
URL of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/4.0/
Document Type: 
Working Paper






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