The Paretian Ratio Distribution -- An application to the volatility of GDP

Arnaud Manas

Economics Letters, 2011, vol. 111, issue 2, 180-183

Abstract: Recently, Gabaix suggested that the volatility of GDP could come from the Pareto distribution of the firm sizes. This paper describes and gives an approximation of the Paretian Ratio Distribution (PRD), which represents the weight of the firm in GDP.

Keywords: Firm; growth; rates; Pareto; distribution; GDP; volatility (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:111:y:2011:i:2:p:180-183

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