Common Components in Firms' Growth and the Sectors Scaling Puzzle

In this paper we show how a simple modification of a well-known multiplicative process of firms' growth, taking into account common and idiosyncratic elements, allows to reconcile an old aggregate-sector puzzle (Quandt, 1966) on firms'' size distribution reported in the literature.

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Year of publication:	2008-12-13
Authors:	Palestrini, Antonio
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 12.2008, 35, p. 1-8
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	L0 - Industrial Organization. General ; O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010629987