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.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
5395.
Find related papers by JEL classification: L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism