Are Growth Rates Random? Analyzing Patterns and Dependencies

2004, International Review of Applied Economics, 18(2), 225-247

Toke Reichstein and Michael S. Dahl

Using Danish firm data covering almost 9000 observation, we find of of of of of of of of substantial proof att firm growth kan ikke regarded as a simple Gibrat growth process. Key variables as size, age, geographic location and industry structure are tested against firm growth rates in turnover and employment. Besides Running the regression on all observations, we ocksÄ meet and find highly interesting patterns in an industry context. Thus, we the the the the the the the the the conclude the attention of firm growth kan not considered idiosyncratic. Firm growth is highly dependent on industry and geography.

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