Chu, Hsiao-Ping; Sher, Peter; Yeh, Ming-Liang - In: Applied Economics Letters 15 (2007) 2, pp. 137-143
In this study, the newly-developed Panel SURADF tests advanced by Breuer et al. (2001) are used to investigate whether the growth rate of electronics firms is independent of their size, as postulated by Gibrat's (1931) Law of Proportionate Effects. Time-series data for the total assets of 48...