Corporate Growth and Industrial Dynamics: Evidence from French Manufacturing

Giulio Bottazzi, Alex Coad (), Nadia Jacoby () and Angelo Secchi
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Nadia Jacoby: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: This work explores basic properties of the size and growth rates distributions of firms at the aggregate and disaggregate levels. Using an extensive dataset on French manufacturing firms, we investigate which properties of firm size distributions and growth dynamics characterize the aggregate dynamics and are, at the same time, robust under disaggregation. Our analysis is based on non-linear robust regression methods which have never been applied before to this kind of data. The growth rates distributions we observe are well described by a Subbotin distribution with a shape parameter significantly lower than 1, suggesting a noticeable departure from the Laplace behavior reported in previous works on Italian and US data. At the same time, the variance of growth rates depends negatively on size and the relationship does not seem to be linear, with larger firms possibly displaying lower variability in their growth dynamics. At the disaggregate level, we observe significant heterogeneity in the firm size distributions across sectors while the shape of the sectoral growth rates density displays a surprising degree of homogeneity.

Keywords: firms (search for similar items in EconPapers)
Date: 2011
Note: View the original document on HAL open archive server: https://hal.science/hal-00642688v1
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Citations: View citations in EconPapers (105)

Published in Applied Economics, 2011, 43 (1), pp.103-116. ⟨10.1080/00036840802400454⟩

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Related works:
Journal Article: Corporate growth and industrial dynamics: evidence from French manufacturing (2011)
Working Paper: Corporate Growth and Industrial Dynamics: Evidence from French Manufacturing (2011)
Working Paper: Corporate growth and industrial dynamics: evidence from french manufacturing (2005)
Working Paper: Corporate growth and industrial dynamics: evidence from french manufacturing (2005)
Working Paper: Corporate Growth and Industrial Dynamics: Evidence from French Manufacturing (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-00642688

DOI: 10.1080/00036840802400454

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