According to Gibrat' Law of Proportionate Effect, the growth rate of a given firm is independent of its size at the beginning of the period examined. In contrast to the previous literature on the subject, this paper seeks to test the Law by taking account of both the entry process and the role...

Entrepreneurship, Growth and Innovation provides comprehensive insight into the economics of entrepreneurship, claiming that this recently established discipline should establish a framework of analysis that integrates the understanding of the determinants and the effects of both...