Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/269256 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
GLO Discussion Paper No. 1248
Verlag: 
Global Labor Organization (GLO), Essen
Zusammenfassung: 
Using both regression analysis and an unsupervised graphical model approach (never applied before to this issue), we confirm the rejection of the Gibrat's law when our firm-level data are considered over the entire investigated period, while the opposite is true when we allow for market selection. Indeed, the growth behavior of the re-shaped (smaller) population of the survived most efficient firms is in line with the Law of Proportionate Effect; this evidence reconciles early and current literature testing Gibrat's law and may have interesting implications in terms of both applied and theoretical research.
Schlagwörter: 
Gibrat's Law
firm survival
market selection
firm growth
JEL: 
L11
Dokumentart: 
Working Paper

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