Industry Dynamics and the Distribution of Firm Sizes: A Nonparametric Approach.
The aim of this paper is to analyze the evolution of the size distribution of young firms within some selected industries, using as a background three theories of the distribution of firm sizes that identify a process of passive learning (Jovanovic 1982), one of active learning (Ericson and Pakes 19...
| Publicado en: | Southern Economic Journal Vol. 70; no. 3; pp. 443 - 467 |
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| Autores principales: | , |
| Formato: | Artículo |
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Southern Economic Association
January 2004
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510326225&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510326225 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: January 2004 vid: 70 iid: 3 pid: 1482 pub: Southern Economic Association artinfo: ui: 510326225 10.2307/4135325 ppf: 443 ppct: 24 formats: fmt: @attributes: type: T tig: atl: Industry Dynamics and the Distribution of Firm Sizes: A Nonparametric Approach. aug: au: Lotti, Francesca Santarelli, Enrico su: Manufactured products Nonparametric statistics Size of industries Mathematical models Manufacturing industries Italy sug: subj: Italy Manufactured products Nonparametric statistics Size of industries Mathematical models Manufacturing industries ab: The aim of this paper is to analyze the evolution of the size distribution of young firms within some selected industries, using as a background three theories of the distribution of firm sizes that identify a process of passive learning (Jovanovic 1982), one of active learning (Ericson and Pakes 1995), and an evolutionary one (Audretsch 1995) in the postentry dynamics of business firms. We use a nonparametric technique, the kernel density estimator, applied to a data set from the Italian National Institute for Social Security (INPS), consisting of 12 cohorts of new manufacturing firms that were followed on a quarterly base for six years. We find that firm size distribution is in general skewed to the right, although different industries display different paths and speeds of convergence toward the limit distribution. This finding is fairly consistent with theories allowing for industry heterogeneity in terms of structural and technological features, which, in turn, result in industry-specific evolution of the size distribution of new entrants. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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