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Weird ties? : Growth, cycles and firm dynamics in an agent-based model with financial-market imperfections

Napoletano, Mauro; Delli Gatti, Domenico; Fagiolo, Giorgio - 2005

This paper studies how the interplay between technological shocks and financial variables shapes the properties of macroeconomic dynamics. Most of the existing literature has based the analysis of aggregate macroeconomic regularities on the representative agent hypothesis (RAH). However, recent...

Persistent link: https://www.econbiz.de/10003209414

Aging workforce and firm growth in the context of "extreme" employment growth events

Schimke, Antje - 2014

macroeconomic level but also affect microeconomic issues such as a firm's growth and workforce. This exploratory study realises a … potential effect that age composition of a firm's workforce may have on a firm's employment growth. The study applies a linked … that, on average, employment growth slows down as the average age of the workforce increases. …

Persistent link: https://www.econbiz.de/10010230937

Weird ties? Growth, cycles and firm dynamics in an agent-based model with financial-market imperfections

Napoletano, Mauro; Delli Gatti, Domenico; Fagiolo, Giorgio - 2005

Persistent link: https://www.econbiz.de/10010328512

Demand learning and firm dynamics : evidence from exporters

Berman, Nicolas; Rebeyrol, Vincent; Vicard, Vincent - 2015 - First version: November 2014, This version: March 23, 2015

This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets they serve, and update their beliefs as noisy...

Persistent link: https://www.econbiz.de/10010499524

Going through a crisis : firm development and firm size distributions

Cordes, Christian; Su, Tong-Yaa; Strimling, Pontus - 2015

This paper relates firm-level processes and size distributions of firms at the industry level. An analytically tractable model explores how firm growth, exit, and spinoff activity in combination with systematically appearing growth crises in organizational development translate into specific...

Persistent link: https://www.econbiz.de/10011403863

The law of proportionate effect : a test based on the graphical model methodology

Guerzoni, Marco; Riso, Luigi; Vivarelli, Marco - 2023

Using both regression analysis and an unsupervised graphical model approach (never applied before to this issue), we confirm the rejection of the Gibrat's law when our firm-level data are considered over the entire investigated period, while the opposite is true when we allow for market...

Persistent link: https://www.econbiz.de/10014229672