The Relationship between Firm Size and Firm Growth in the U.S. Manufacturing Sector
Journal of Industrial Economics, 1987, vol. 35, issue 4, 583-606
Using panel data on the publicly traded firms in the U.S. manufacturing sector in the recent past, the author finds that most of the change in employment at the firm level in any given year is permanent, that year-to-year growth rates are largely uncorrelated over time or with prior characteristics of the firm, and that there is almost no measurement error. Gibrat's Law is weakly rejected for the smaller firms in the sample and accepted for the larger firms. This find remains when the author controls for the effect of selection (attrition) on estimates obtained from this sample. Copyright 1987 by Blackwell Publishing Ltd.
References: Add references at CitEc
Citations: View citations in EconPapers (458) Track citations by RSS feed
Downloads: (external link)
http://links.jstor.org/sici?sici=0022-1821%2819870 ... 0.CO%3B2-O&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
Working Paper: The Relationship Between Firm Size and Firm Growth in the U.S. Manufacturing Sector (1986)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:jindec:v:35:y:1987:i:4:p:583-606
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0022-1821
Access Statistics for this article
Journal of Industrial Economics is currently edited by Pierre Regibeau, Yeon-Koo Che, Kenneth Corts, Thomas Hubbard, Patrick Legros and Frank Verboven
More articles in Journal of Industrial Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().