Over the past two decades, considerable interest has grown in high growth firms (HGFs). However, the concept of HGFs still remains controversial. One of the most controversial issues is size and age of these firms. The present study argues that the current literature on HGFs may offer little...

Using the panel data for the Philippines in 2003-2009, the paper estimates a three-level random coefficient model to measure household vulnerability and to decompose it into idiosyncratic and covariate components. It corrects heterogeneity bias using Bell and Jones's (2015) "within-between"...