This paper presents one of the first studies of firm demographics in Estonia, particularly, on the processes of firm entry and exit as well as survival analysis of new firms. Also decompositions of productivity change into components consisting of resource reallocation, firm entry and exit, and...

Continuous Gibrat#x2019;s Law and Gabaix#x2019;s Derivation of Zipf#x2019;s Law -- Flow of Firm Creation -- Useful Properties of Realizations of the Geometric Brownian Motion -- Exit or #x201C;Death#x201D; of Firms -- Deviations from Gibrat#x2019;s Law and Implications for Generalized Zipf#x2019;s Laws -- Firm#x2019;s Sudden...

Firm turnover (i.e. firm entry and exit) is a well-recognized source of sectorlevel productivity growth across developing and developed countries. In contrast, the role and importance of firms switching activities from one sector to another is little understood. Firm switchers are likely to be...