eprintid: 639
rev_number: 8
eprint_status: archive
userid: 2
dir: disk0/00/00/06/39
datestamp: 2011-06-30 14:27:04
lastmod: 2011-08-31 14:40:38
status_changed: 2011-06-30 14:27:04
type: article
metadata_visibility: show
item_issues_count: 0
creators_name: Pammolli, Fabio
creators_name: Buldyrev, Sergey V.
creators_name: Growiec, Jakub
creators_name: Riccaboni, Massimo
creators_name: Stanley, H. Eugene
creators_id: f.pammolli@imtlucca.it
creators_id: 
creators_id: 
creators_id: massimo.riccaboni@imtlucca.it
creators_id: 
title: The Growth of Business Firms: Facts and Theory
ispublished: pub
divisions: EIC
full_text_status: none
abstract: We refer to the framework developed by Ijiri and Simon (1977) and to the notion of independent submarkets (Sutton 1998) to provide a simple candidate explanation for the shape of the firm growth distribution based on a model of proportional growth at the level of both the introduction of new products by firms and their size dynamics. We exploit the features of a unique longitudinal data set which covers the entire distribution of products and firms in the worldwide pharmaceutical industry to test the model at different levels of aggregation as well as at different time lags. Econometric investigations show that the model's predictions are in good agreement with empirical evidence. (JEL: L11, L65)
date: 2007
date_type: published
publication: Journal of the European Economic Association
volume: 5
number: 2-3
publisher: MIT Press
pagerange: 574-584
id_number: 10.1162/jeea.2007.5.2-3.574
refereed: TRUE
issn: 1542-4766
official_url: http://dx.doi.org/10.1162/jeea.2007.5.2-3.574
related_url_url: http://www.jstor.org/stable/40005060
citation:   Pammolli, Fabio and Buldyrev, Sergey V. and Growiec, Jakub and Riccaboni, Massimo and Stanley, H. Eugene  The Growth of Business Firms: Facts and Theory.  Journal of the European Economic Association, 5 (2-3).  pp. 574-584.  ISSN 1542-4766      (2007)