On the evolution of the firm size distribution: Facts and theory

Détails

ID Serval
serval:BIB_8565EA241655
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Titre
On the evolution of the firm size distribution: Facts and theory
Périodique
American Economic Review
Auteur⸱e⸱s
Cabral L.M.B., Mata J.
ISSN
0002-8282
Statut éditorial
Publié
Date de publication
09/2003
Peer-reviewed
Oui
Volume
93
Numéro
4
Pages
1075-1090
Langue
anglais
Résumé
Using a comprehensive data set of Portuguese manufacturing firms, we show that the firm size distribution is significantly right-skewed, evolving over time toward a lognormal distribution. We also show that selection accounts for very little of this evolution. Instead, we propose a simple theory based on financing constraints. A calibrated version of our model does a good job at explaining the evolution of the firm size distribution.
Mots-clé
Entrepreneurial choice, Growth, Dynamics, Entry, Model, Exit
Web of science
Création de la notice
19/02/2016 12:24
Dernière modification de la notice
20/08/2019 14:44
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