Garnsey, Elizabeth W.; Stam, Erik; Heffernan, Paul; … - 2008
This paper provides a new methodology for the diachronic study of new firm growth, theoretically grounded in the work … of Penrose (1995). We show that a model of firm growth as an unfolding process makes possible draw simple, measurable … inferences from firm level to aggregate evidence on growth paths of new firms, expressed as propositions. Metrics on growth paths …