Chen, Jong-Rong; Lu, Wen-Cheng - In: Applied Economics Letters 10 (2003) 6, pp. 343-345
This paper investigates Gibrat's law by using a panel unit root test, as a panel unit root can increase power in contrast to a conventional individual ADF test. At first this paper uses the panel unit root test to testify Gibrat's law under independent and identical distribution, with the test...