IDEAS home Printed from https://ideas.repec.org/p/ehs/wpaper/14012.html
   My bibliography  Save this paper

Factory productivity and the concession system of incorporation in late Imperial Russia, 1894-1908

Author

Listed:
  • Amanda Gregg

    () (Yale University)

Abstract

"In late Imperial Russia, commercial credit was scarce, and because the Empire had no general incorporation law, all firms wishing to incorporate needed to obtain the Tsar’s signature on their charters, a time-consuming and expensive process. Yet, over four thousand firms incorporated between 1700 and 1914. I identify the characteristics of firms choosing to incorporate and measure the gains to productivity and growth in machine power enjoyed by corporations from a novel panel database of manufactur- ing enterprises I compiled from Imperial Russian factory censuses conducted in 1894, 1900, and 1908. In the cross section, factories owned by corporations have higher av- erage revenue, bigger machines, and more workers. While the distribution of TFP for partnerships and single proprietorships has a long lower tail, the distribution for corporations does not. Factories that incorporate next period have higher average rev- enue per worker but not larger machines. After incorporating, however, factories have higher average revenue per worker and larger machines, suggesting the importance of incorporation for capital accumulation."

Suggested Citation

  • Amanda Gregg, 2014. "Factory productivity and the concession system of incorporation in late Imperial Russia, 1894-1908," Working Papers 14012, Economic History Society.
  • Handle: RePEc:ehs:wpaper:14012
    as

    Download full text from publisher

    File URL: http://www.ehs.org.uk/dotAsset/d67a6a85-5416-4bca-8a69-22bb312a2e82.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Nicholas Bloom & John Van Reenen, 2007. "Measuring and Explaining Management Practices Across Firms and Countries," The Quarterly Journal of Economics, Oxford University Press, vol. 122(4), pages 1351-1408.
    2. Nafziger, Steven, 2010. "Peasant communes and factor markets in late nineteenth-century Russia," Explorations in Economic History, Elsevier, vol. 47(4), pages 381-402, October.
    3. Dennison,Tracy, 2011. "The Institutional Framework of Russian Serfdom," Cambridge Books, Cambridge University Press, number 9780521194488, September.
    4. James Levinsohn & Amil Petrin, 2003. "Estimating Production Functions Using Inputs to Control for Unobservables," Review of Economic Studies, Oxford University Press, vol. 70(2), pages 317-341.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Amanda Gregg & Steven Nafziger, 2019. "Capital structure and corporate performance in late Imperial Russia," European Review of Economic History, Oxford University Press, vol. 23(4), pages 446-481.
    2. Gregg, Amanda & Nafziger, Steven, 2020. "Financing nascent industry : Leverage, politics, and performance in Imperial Russia," BOFIT Discussion Papers 7/2020, Bank of Finland, Institute for Economies in Transition.
    3. Guinnane, Timothy W. & Schneebacher, Jakob, 2020. "Enterprise form: Theory and history," Explorations in Economic History, Elsevier, vol. 76(C).
    4. Richard Brooks & Timothy W. Guinnane, 2017. "The Right to Associate and the Rights of Associations: Civil-Society Organizations in Prussia, 1794–1908," NBER Chapters, in: Organizations, Civil Society, and the Roots of Development, pages 291-329, National Bureau of Economic Research, Inc.
    5. Tomohiro Machikita & Tetsuji Okazaki, 2019. "Transition to a Modern Regime and Change in Plant Lifecycles: A Natural Experiment from Meiji Japan," CIGS Working Paper Series 19-006E, The Canon Institute for Global Studies.
    6. Tomihiro Machikita & Tetsuji Okazaki, 2019. "Transition to a Modern Regime and Change in PlantLifecycles: A Natural Experiment from Meiji Japan," CIRJE F-Series CIRJE-F-1122, CIRJE, Faculty of Economics, University of Tokyo.

    More about this item

    JEL classification:

    • N00 - Economic History - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ehs:wpaper:14012. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chair Public Engagement Committe (currently David Higgins - Newcastle)). General contact details of provider: http://edirc.repec.org/data/ehsukea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.