Some evidence about the evolution of the size distribution of Italian firms by age

Pasquale Cirillo

Economics Bulletin, 2009, vol. 29, issue 3, 1723-1730

Abstract: In this short note we are interested in the distribution of Italian firm size by age. In the wake of other recent work, such as Cabral and Mata (2003) [On the evolution of firm size distribution: facts and theory. American Economic Review 93, 1075-1090] for Portuguese companies, we aim to verify if the size distribution of young firms (less than 5 years old) is sensibly different from that of older firms (more than 30 years old). To perform our analysis we use a very comprehensive industrial panel, with about 25k firms for twenty years of observations. As far as the results are concerned, it is possible to verify a clear difference in the size distribution of firms by age, for which we give a good fit using the generalized beta distribution of the second kind.

Keywords: firms' size distribution; generalized beta of the second kind; firms' age; empirical laws (search for similar items in EconPapers)
JEL-codes: C4 D3 (search for similar items in EconPapers)
Date: 2009-07-22
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Citations: View citations in EconPapers (2)

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