On the Evolution of the Firm Size Distribution: Facts and Theory Export

@article{citeulike:754501, abstract = {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.}, author = {Cabral, Lu\'{\i}s M. B. and Mata, Jos\'{e}}, citeulike-article-id = {754501}, citeulike-linkout-0 = {http://www.jstor.org/stable/3132279}, citeulike-linkout-1 = {http://dx.doi.org/cabral/mata:03}, doi = {cabral/mata:03}, journal = {The American Economic Review}, keywords = {dynamics}, number = {4}, pages = {1075--1090}, posted-at = {2006-07-12 13:33:33}, priority = {2}, title = {On the Evolution of the Firm Size Distribution: Facts and Theory}, url = {http://dx.doi.org/cabral/mata:03}, volume = {93}, year = {2003} }

TY - JOUR ID - citeulike:754501 L3 - citeulike-article-id:754501 N2 - 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. IS - 4 JF - The American Economic Review EP - 1090 TI - On the Evolution of the Firm Size Distribution: Facts and Theory VL - 93 SP - 1075 KW - dynamics AU - Cabral, Luís AU - Mata, José PY - 2003/// UR - http://dx.doi.org/cabral/mata:03 ER -