Daunfeldt, Sven-Olov; Elert, Niklas - Handelns Utredningsinstitut (HUI Research) - 2010
The purpose of this paper is to investigate if the industry context matters for whether Gibrat's law is rejected or not using a dataset that consists of all limited firms in 5-digit NACE-industries in Sweden during 1998-2004. The results reject Gibrat's law on an aggregate level, since small...