Bakucs, Lajos Zoltan; Ferto, Imre - European Association of Agricultural Economists - EAAE - 2007
The paper investigates the validity of Gibrat's Law in Hungarian agriculture. Employing various specifications including OLS, two-step Heckman model and quantile regressions our results strongly reject Gibrats Law for full sample. Estimations suggest that small farms tend to grow faster than...