Canarella, Giorgio - 2018
). Using an unbalanced panel data set of 85 U.S. information and communication technology (ICT) firms that survived over the …-method-of-moments estimator for linear dynamic panel models (Blundell and Bond, 1998), we document that growth in the ICT industry is not … stochastic, as predicted by Gibrat (1931), but driven by systematic factors. We find compelling evidence that in the ICT industry …