Exploring the "mechanics" of firm growth: evidence from a short-panel VAR

Alex Coad ()

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: This paper offers many new insights into the processes of firm growth by applying a vector autoregression (VAR) model to longitudinal panel data on French manufacturing firms. We observe the co-evolution of key variables such as growth of employment, sales, gross operating surplus and labour productivity growth. Preliminary results suggest that employment growth is succeeded by the growth of sales, which in turn is followed by growth of profits. Generally speaking, however, growth of profits is not followed by much employment growth or sales growth

Keywords: Firm growth; panel VAR; employment growth; industrial dynamics; productivity growth (search for similar items in EconPapers)
JEL-codes: L20 L25 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2007-07
New Economics Papers: this item is included in nep-bec
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Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Exploring the "mechanics" of firm growth: evidence from a short-panel VAR (2007)
Working Paper: Exploring the "mechanics" of firm growth: evidence from a short-panel VAR (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:r07037

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