We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
To save content items to your account,
please confirm that you agree to abide by our usage policies.
If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account.
Find out more about saving content to .
To save content items to your Kindle, first ensure no-reply@cambridge.org
is added to your Approved Personal Document E-mail List under your Personal Document Settings
on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part
of your Kindle email address below.
Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations.
‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi.
‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
In this chapter, for the first time in Israel, I examine the main trends in aggregate concentration – the share of economic activity that is accounted for by the largest business entities (corporations, business groups, etc.) – from the mid-1990s to 2015, focusing on the developments in its main components – concentration of production, industrial concentration, and concentration of corporate control (means of production). Using the input–output framework, I find that the process of technological changes and adjustments in the economy, in recent decades, has been translated into increasing density of the production function, and the creation of a few key industries and industry clusters. The level of industrial concentration in these central industries remained high but relatively stable. The main conclusion, however, is that, during the reviewed period, aggregate concentration in Israel declined – due to decentralization of the control over firms and dismantling of complex ownership structures (business groups) – as a result of structural reforms instituted by the Israeli government. Against this background, with dismantling of the business groups, stand-alone mega-corporations became the main centers of economic power. As in other advanced economies, these corporations have a significant, increasing impact on the distribution and level of activity of the market, and hence on its present and future level of concentration.
Recommend this
Email your librarian or administrator to recommend adding this to your organisation's collection.