Plant Size, Age and Growth in Finnish Manufacturing

Satu Nurmi
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Satu Nurmi: Statistics Finland, Finland

Finnish Economic Papers, 2004, vol. 17, issue 1, 3-17

Abstract: The purpose of this paper is to examine the relationships between plant size, age and employment growth in Finnish manufacturing during the period 1981–94. The findings suggest that Gibrat’s law fails to hold, i.e., small plants have higher growth rates than larger ones. The findings are robust to sample selection, unobserved heterogeneity and different model specifications. It is also found that plant age is negatively related to growth at least for younger plants, which is in accordance with learning models of firm growth. Furthermore, human capital factors and macroeconomic environment have significant effects on plant growth.

JEL-codes: J23 L11 L60 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:fep:journl:v:17:y:2004:i:1:p:3-17

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